Wealth Managers Expect Solid Gains From SME VIVO Alternative Investment Fund

Top Quote SME VIVO alternative investment fund will raise US $30 million by February, 2013 to fund the 12 emerging companies from India. End Quote
  • (1888PressRelease) December 19, 2012 - SME VIVO series, the flagship alternative investment fund (AIF) of the Exhilway Private Capital Market, the India's innovative platform for the unlisted SME companies to raise money has acknowledged exhilarating pre-launch response from the private wealth management companies in India and abroad.

    SME VIVO - I which will be the SEBI registered Category - I SME Fund will invest in the 12 emerging companies from the diversified business sectors and will raise INR 160 crore or US $30 million. The fund comes with the capital protection and a minimum return of 25% per annum via an arrangement with the Denmark based Deberry Ventures, in case the fund fails to perform as expected.

    The minimum investment size for the SME VIVO AIF as per the prevailing SEBI regulations, 2012 is kept at INR 1 crore or US $1,85,000 with the option of capital call.

    "SME VIVO is a better option for the high net worth investors who look out for a high degree of safety before investment. The fund has a potential to generate 100% YoY return" said Bal Mukund, an independent wealth manager from Mumbai.

    SME VIVO - II which will be the sequel to the SME VIVO - I will raise INR 1200 crore for the 80 companies in the March, 2013.

    "As the global population lives longer and takes greater control over their financial planning, there is a growing need for access to alternative investment products, particularly in the defined contribution area. We are thrilled to offer diversified, alternative investment strategies through our innovative product. Delivering greater access and choice is clearly the wave of the future and we believe our program is an excellent way to add portfolio diversification and represents a landmark in expanding the investable universe for SME assets. We think this fund is a real game changer." said Monica Kujawa, the fund manager of the SME VIVO series.

    SME VIVO - I will also launch a Sharia compliant version of the SME fund specifically customized for the Muslim residing in the Gulf and India.

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