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Category Self Reliant India (SRI) Fund

01
Jul

16. What shall be the permissible investment period of Daughter Funds?

Investment Period for the Daughter Funds shall be a maximum of 6 years from the date of final close of the respective Daughter Fund.

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01
Jul

15. What shall be the permissible tenure/ term of Daughter Funds?

Daughter Funds shall have a maximum tenure (including extensions, if any) which is co-terminus with the remaining tenure of the SRI Fund, as permitted under the AIF regulations from time to time.

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01
Jul

14. What shall be required minimum investment in MSMEs through the Daughter Funds?

The Daughter Funds shall invest at least 5 times the amount of capital contribution received from SRI Fund (net of fees and expenses) in MSMEs, defined as per the MSMED Act, as amended from time to time. The Daughter Fund shall ensure that all its investee MSMEs obtain Udyam Registration. In case the same is

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01
Jul

13. Is there any minimum capital that Daughter Funds have to raise?

Empanelled Daughter Funds shall raise 80% additional funds from outside sources like Banks, FIs, HNIs, VCs/PEs/Institutional Investors, PSUs, Pension Funds, Foreign Developmental Institutions etc. Daughter Funds, after being empanelled with the Fund, will mobilize funds and for each 4 units of funds so mobilized, they will be eligible to solicit 1 unit of fund, proportionately

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01
Jul

12. What is the validity period of SRI Fund commitment?

The commitment given by the SRI Fund will be valid for 18 months during which the eligible funds are required to do the first close, failing which commitment done by Mother Fund will be re-evaluated (For the purpose of this point, first close will mean the first close after commitment by SRI Fund).

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