Emkay Emerging Stars Trust

Stage focus

Public markets (listed)

Primary sector

Public markets (listed equity)

City

Mumbai

HQ / office

Mumbai, Maharashtra (Emkay Investment Managers; offices at The Ruby, Dadar West and Birla Centurion, Worli)

Fund registered

2017

Investments on record

3

Corpus (as reported)

Manager Emkay Investment Managers Ltd manages ~INR 1,750 crore across PMS+AIF (firm-level, 2023-24)

Website

emkayim.com

LinkedIn

Profile ↗

Emkay Emerging Stars Trust is a SEBI Category III AIF (a series of close-ended small-cap equity funds) managed by Emkay Investment Managers Ltd, the asset-management arm of listed Emkay Global Financial Services. The fund, led by Sachin Shah, invests in emerging listed companies; named disclosed holdings include Shoppers Stop, Narayana Hrudayalaya and Music Broadcast.

Category III AIF: close-ended public-markets equity fund investing in 20-25 emerging small-/mid-cap LISTED companies (stocks ranked ~300-1000 by market cap) using bottom-up RoE/RoCE-led stock selection. Not startup venture capital.

SEBI AIF Category III — reported as “Cat III”

• IN/AIF3/17-18/0375

None found

Shoppers Stop; Narayana Hrudayalaya; Music Broadcast

Approx 3 core fund managers/CIO (Manish Sonthalia – CIO; Sachin Shah – ED & Fund Manager; Kashyap Javeri – Head of Research & Co-Fund Manager) plus analysts/research team

Limited-company-managed (Emkay Investment Managers Ltd, CIN U67190MH2010PLC203819 — AMC arm of Emkay Global Financial Services) Category III AIF; multi-series trust (Emerging Stars Fund Series I–VII)

What does Emkay Emerging Stars Trust invest in?

Category III AIF: close-ended public-markets equity fund investing in 20-25 emerging small-/mid-cap LISTED companies (stocks ranked ~300-1000 by market cap) using bottom-up RoE/RoCE-led stock selection. Not startup venture capital.

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All Public markets (listed) investors →

• ⚑ Cat III public-equity AIF (listed-market hedge/PMS style; not startup VC)

Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.

Sources: https://emkayim.com/about-us/our-team/; https://www.fintechbiznews.com/finserv-brokerages-wm/emkay-emerging-stars-fund-series-vii-launched