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Category Self Reliant India (SRI) Fund

01
Jul

11. What is the permissible commitment to be sought from SRI Fund?

Commitment sought from SRI Fund should be minimum Rs. 25 crore and in multiples of Rs. 5 crore thereafter. Maximum commitment from SRI Fund would be lower of i) 20% of the Target Corpus or ii) Rs. 2,000 crore, as illustrated below: A. If first close is pending as on date of submission of Detailed

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01
Jul

10 Are AIFs which have availed commitments from any of the Fund of Funds of Government of India (Central Government), like the Fund of Funds for Startups, EDF of the Ministry of Communications and Information Technology, ASPIRE etc. eligible for investment by this Fund?

Yes, subject to provisions mentioned in point no. 11 below.

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01
Jul

9. What is the definition of a Daughter Fund?

Daughter Fund would be a Category I or Category II Alternative Investment Fund (AIF) registered with SEBI, who in turn shall invest in MSME units

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01
Jul

8. Can SRI Fund invest directly in MSMEs?

No. SRI Fund can provide funds/ capital only to the Daughter Funds for onward investment in MSMEs and the investment in MSMEs will be done by the Daughter Funds only.

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01
Jul

7. What is the investment objective of SRI Fund?

SRI Fund, in the form of Fund of Funds (FoF), will be oriented towards providing funding support to the Daughter Funds for onward provision to MSMEs as growth capital, in the form of equity, quasi-equity and debt, as may be permitted under SEBI guidelines, for: Enhancing equity/equity like financing to MSMEs Supporting faster growth of

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