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Category Self Reliant India (SRI) Fund

01
Jul

26. What diligences will Daughter Funds undergo?

Legal due diligence shall be carried out by the Legal Advisor. Due diligence on financial, tax and integrity aspects, and any other assessment, as may be recommended/ suggested by the Investment Committee, shall be carried out by the Investment Manager through appointment of third-party agency. Any cost towards such due diligences shall be paid by

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01
Jul

25. Does the Daughter Fund need to appoint any placement agent for seeking funds from SRI Fund? Is there any placement fees payable for fund mobilised from SRI fund?

No. Only direct applications to SRI Fund are required from prospective Daughter Funds. No placement fee should be payable for funds mobilised from SRI Fund. Also, no Placement Agents have been appointed by SRI Fund.

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01
Jul

24. What are other terms and conditions that have to be adhered to by the Daughter Funds?

Illustrative other terms and conditions to be satisfied by Daughter Funds shall include: The Daughter Fund shall ensure that all its investee MSMEs obtain Udyam Registration The Daughter Fund shall take all requisite steps to ensure compliance with provisions of the Fund Documents (to be executed with SRI Fund) and applicable regulatory and statutory requirements

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01
Jul

23. Are any sectors/ areas not permitted for investment?

The capital contributions made by the SRI Fund to any Daughter Fund shall not be used by such Daughter Fund for making investments in gambling, creation of obscene content, any illegal or unlawful activities and funding any non-banking financial institutions (NBFC), non-profit organisations, micro credit sector, financial inclusion sector, self-help groups and other financial intermediaries.

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01
Jul

22. Is there any preferred sectoral and geographical investment focus?

Fund is to be invested in diverse sectors (e.g. traditional MSME, agriculture, pharma, auto, chemicals, etc.), forensuring healthy mix of manufacturing, services and agriculture businesses to give impetus to companies in respective segments/ industries. The scheme is aimed at promoting maximum income and job creation, across the country.

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