Explanation:

• ASK Investment Managers Ltd on August 16 launched a digital onboarding for Alternate Investment Fund (AIF), the first of its kind in the industry for its flexicap portfolio theme.
• The ASK Emerging Opportunities Fund, is a flexicap portfolio with a midcap bias, and will be investing in listed Indian equities. The term of the scheme is seven years with two years of lock-in.
• With the government’s focus on Atmanirbhar Bharat and PLI schemes aimed at lowering dependence on imports and boosting exports, this fund aims to invest in beneficiaries of varied sectors including speciality chemicals, footwear, diagnostics, niche digital technologies, etc.
• An alternative investment is a financial asset that does not fall into one of the conventional investment categories.
• Alternative investments include private equity or venture capital, hedge funds, managed futures, art and antiques, commodities, and derivatives contracts.