Emkay Investment Managers Ltd (EIML) has unveiled the 'Emkay SMID Cap Growth Engine Fund,' aiming to amass between Rs 500 crore and Rs 1,000 crore in assets under management (AUM) during the 2025-26 fiscal year. This fund focuses on long-term capital appreciation by investing predominantly in small and mid-cap stocks, segments poised for robust growth driven by easing inflation, declining interest rates, and rising household incomes.