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ASK Group

ASK Group is a renowned financial services group and a leading industry player in wealth and investment management, catering to some of the richest families in India. Started in 1983, known for strong research-based investment management, asset management, private equity, wealth advisory, and multi-family office businesses. The committed team is passionate to manage one’s wealth while building an everlasting legacy, belief in building more with one’s wealth, using years of expertise, a disciplined approach, and a set of values: Quality, Long-Term Focus, Knowledge and Research, Expertise, Risk Managed, Transparency. 

List of Funds: 

  • 1.  ASK – IEP
  • 2. ASK – India Select

Taxation:

The tax system of PMS is Different from Mutual funds as the Stocks held in PMS are considered as the stock held with the investors only, so every time the portfolio manager sells shares, there capital gain or loss and the tax liability will be borne by the investor. At the end of every year, the PMS house provides the audited capital gain or loss statement to its investors for tax calculation.

  • Short term capital gain (less than one year): 15% of the gain
  • Long term capital gain (more than one year): 10% of gain in excess of Rs.1 lakh per year

Minimum Investment:

50 Lakh
0-12 Months 2% and 12-24 Months 1% of AUM 

1) ASK-IEP

Category 1 Yr 2 Yrs 3 Yrs 5 Yrs Inception Year
Multicap
5.2%
-2.1%
5.4%
9%
16.60 (2010)

Strategy — Capital Preservation and Capital ppreciation over a period of time by Long term investments in high quality and rowth companies. Identify large and rowing businesses having minimum Rs 100Cr of PBT with more than 25% of Promoter holdings & > ROCE of 25%. A diversified portfolio designed to achieve an optimal blend of businesses. 

Exit LoadWithin 0-12 Months: 2% and 12-24 Months: 1% of AUM

2) Ask India Select

Category 1 Yr 2 Yrs 3 Yrs 5 Yrs Inception Year
Multi-Cap
5%
-0.9%
1.7%
7.3%
14.49 (2010)

Strategy Capital Preservation and Capital appreciation over a period of time by Long erm investments in high quality and rowth companies. A well-diversified portfolio designed to achieve an optimal blend of businesses that are of high uality, having strong earnings growth, address a large size of the opportunity, and are available at an adequate price-value gap.

Exit Load Within 0-12 Months: 2% and 12-24 Months: 1% of AUM 

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