In line with the vision of Prime Minister of India Mr. Narendra Modi, The Finance Minister, announced creation of a Fund of Funds for Micro, Small and Medium Enterprises (MSMEs) under the Atmanirbhar Bharat package on the 13th May 2020, to address shortage of funds being faced by MSMEs in securing growth capital.

Consequently, NSIC Venture Capital Fund Limited (NVCFL), a 100% subsidiary of The National Small Industries Corporation Limited (“NSIC”), a Mini-Ratna Corporation of Government of India under the Ministry of Micro, Small and Medium Enterprises (MoMSME), Government of India, was incorporated.

The ‘Self Reliant India (SRI) Fund’ , with an overall fund corpus of INR.10,006 Cr, is organized as the first scheme of NVCFL. NVCFL is registered with the Securities and Exchange Board of India (“SEBI”) as a Category II Alternative Investment Fund under the provisions of the SEBI (Alternative Investment Fund) Regulations, 2012 (“AIF Regulations”). SRI Fund has been sponsored by NSIC.

SRI Fund will employ a ‘Funds-of-Fund’ investment strategy wherein the Fund shall invest in SEBI registered Category I and Category II Alternative Investment Funds (“Daughter Funds”), which shall in turn invest in MSMEs. 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, covered under the Micro, Small & Medium Enterprises Development Act, 2006.

The registration details of the fund are as follows:
Category of AIF: Category II
SEBI Registration No.: IN/AIF2/21-22/0924
Name of Fund Manager: SBI Ventures Limited (formerly known as SBICAP Ventures Limited)

For any queries, 

Please contact  infosrifund@sbiventures.co.in  or +912269112800

For escalation please call +912269112822

Incase of unresolved query please reach +912269112882