MNCL CCF 2 is designed as a flexi cap fund with closed ended nature and Monarch AIF is targeting a fund raise in the vicinity of Rs 600-700cr in the same. The term of the fund is 4 years extendable by 2 years.

Monarch AIF is currently operating a single scheme named MNCL CCF - | which was launched in August 2022 with an AUM of Rs252 crore. The term of the fund is 3 years extendable by 2 years. The fund has generated solid alpha over its benchmark since inception and current AUM stands at approx. Rs330 crore. The fund was raised by MNCL on its own relationships without involving intermediaries and had participation from marquee corporate families.