Athena Stock
Convertible Scheme
A Unique Blend of Stability and Returns
The Athena Stock Convertible Scheme presents a sophisticated investment opportunity that blends equity exposure with strategically executed premium generation strategies. This innovative approach is designed to generate stable, risk-adjusted returns while simultaneously mitigating downside risk and reducing overall volatility, making it an attractive alternative to traditional fixed-income investments.
- Fund Category
- Alternate Investment Fund (AIF)
- Sub Category
- Category III AIF
- Structure
- Open-ended scheme
- Inception Date
- December 2022
- Benchmark
- CRISIL Equity Savings Index
- Exit Option
- Monthly redemptions available
- Fund Manager
- Mr. Dishank Kothari
- Fund Manager
- -
Investment Objective
Periodic Returns with
Lower Volatility
The Athena Stock Convertible Scheme aims to generate absolute returns on a post-tax, post-expense basis while offering lower volatility compared to the Indian equity markets. Investment Strategy
Leveraging Proprietary Derivative
Strategies for Stable Returns
The scheme employs a unique strategy that combines equity exposure with option writing. By taking a fundamental view on a basket of blue-chip stocks and employing proprietary income generation strategies on the underlying, the fund aims to generate income while managing risk. About Fund Manager
Dishank Kothari
Fund Manager, Athena Investments
Dishank Kothari is the fund manager at Athena Investments. He has 8 years of experience in the financial services industry
Key Advantage
A Differentiated Investment Approach
Diversified Portfolio
The fund invests in a diversified basket of 15-30 companies, ensuring broad exposure across market sectors.
Risk Management
The use of exchange-traded options helps to mitigate liquidity risk and counterparty risk.
Stable Returns
The strategy aims to provide stable returns, with significantly low correlation to the Indian equity markets.
Lower Volatility
The fund's focus on absolute returns and risk management helps to reduce volatility compared to traditional equity investments.
Risk Management Framework
Reducing Risks Through Diversification and Hedging
The Athena Stock Convertible Scheme employs a robust risk management framework to protect investor capital. Our key risk management measures include:
Diversification
Investing in a diversified portfolio of stocks across various sectors.
Option Hedging
Using options to hedge against potential downside risks.
Concentration Limits
Limiting exposure to any single security.
Regular Monitoring
Continuously monitoring the fund's performance and making necessary adjustments to manage risk.
FAQ
Category III AIFs are Alternative Investment Funds that employ diverse or complex trading strategies, including investments in listed or unlisted derivatives, to achieve the fund objective. They are typically hedge funds and may invest in securities as well as other financial instruments.
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