The fund is expected to return 11-15% CAGR in dollar terms.“The idea is to find business which are disruptive with strong brands,” ASK Wealth managing director Rajesh Saluja said. “You don’t find such companies in India. Such people could include parents whose children wish to go for studies in the US and want to settle abroad.The fund will invest in both large-cap and midcap stocks. Dividend income or capital gains earned on redemption of units or shares of the fund is taxable in the same year of receipt. Its wealth adviser arm provides investment advice to affluent families in the country.

Source: Economic Times February 27, 2018 15:45 UTC