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Category Self Reliant India (SRI) Fund

01
Jul

21. Which is the MSME definition that will be used?

MSMEs, defined as per the MSMED Act, as amended from time to time, shall be eligible for consideration, provided they have Udyam registration.

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01
Jul

20. Which is the target group for SRI Fund?

The target group for SRI Fund, through the Daughter Funds would be MSMEs, who have a marked potential to grow, but are unable to do so because their requirement for growth capital remains unfulfilled. Funds from SRI Fund should be dispersed to create an impact across the Nation and entities in farthest regions of the

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01
Jul

19. What shall be the Management Fee for Daughter Fund?

Management fees for Daughter Fund should be lower of i) 2% per annum or ii) the lowest rate offered by any other contributor in the Daughter Fund.

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01
Jul

18. What shall be the Hurdle Rate for Daughter Fund?

The preferred Hurdle Rate for Daughter Fund should be higher of i) 8% per annum or ii) the highest rate offered in Indian Rupees offered to any other contributor in the Daughter Fund, Hurdle Rate should be calculated on an annual compounded basis.

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01
Jul

17. What shall be the Target Return for Daughter Fund?

Target Return for Daughter Fund should be higher of i) gross IRR of 12% per annum or ii) the highest rate in Indian Rupeesoffered to any other contributor in the Daughter Fund. IRR shall be calculated using the XIRR function provided in Microsoft Excel software.

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