Mumbai-based ASK Hedge Solutions, part of the Blackstone-backed ASK Asset & Wealth Management Group, has launched its second Alternative Investment Fund (AIF), the ASK Index Plus Fund, requiring a minimum investment of Rs 1 crore. Targeting high-net-worth individuals, this fund combines equity exposure with an actively managed long-short strategy, focusing on momentum and low-volatility stocks from NSE indices. It aims to enhance returns while mitigating risks through a rule-based approach. The fund addresses market volatility, offering diversification and consistent wealth creation, supported by active oversight to improve performance across market cycles.