Samarth Bond Fund Class A
Our first debt fund and India's first Crisil AA+(SO) rated debt AIF! Redefined credit investing during the pandemic with 30% portfolio upgrades and over 60% portfolio companies raising equity capital. Rating of Share Class A has been reaffirmed as Crisil AA+(SO) and the fund has consistently met hurdles and paid out six quarterly coupons. The fund achieved final close in March 2021 with 265 Cr AUM and saw participation from insurance companies, banks, corporate treasuries, family offices, UHNIs and advisors. Samarth Bond Fund will mature by March 2027.compare
Category
CATEGORY II AIF
Type
Close Ended
Status
Closed
Fund Size
265 Cr
Fund Tenor
6 Years
Fund Rating
AA+(SO) by CRISIL
Maturity
March 2027
Principal Repayment
Lumpsum at maturity
Final Close
2021 March
Hurdle (post-expenses, pre-tax)
Returns (pre-tax)
12%
Classes available for Investment
The fund is closed
Income payout
Coupons
Quarterly
Fund Performance VS Benchmark
Class A
Senior Tranche (A)
80%
Face Value
INR 10000
Return as of 31st October '21
12.01%
AAA1
AA+2
AA3
AA-4
A+5
A6
A-7
BBB+8
BBB9
BBB-10
Non investment grade11
Low*
Class B
Subordinated Tranche (B)
20%
Face Value
INR 10000
Return as of 31st October '21
14.18%
AAA1
AA+2
AA3
AA-4
A+5
A6
A-7
BBB+8
BBB9
BBB-10
Non investment grade11
High*
*The risk score is based on internal or an external Capital protection rating of each Class/tranche of the respective funds. Risk score is illustrative of risk-reward benchmarking across multiple product offerings of VAM. Investors are advised to do their independent diligence before making an investment decision and not merely rely on the risk scores indicated above
Fund Details
Fund Managers
Impact in Numbers
278
Total Loans financed (INR cr)
65,584
Total # of borrower outreach
24,624
# of microenterprenurs reached by MFIs
1,950
# of Small and Medium businesses financed
17,372
# of Rural mobility solutions financed
2,534
# of New to Credit customers financed
34%
% of Loans to backward states*
42,312
Average Loan size (INR)
1.56%
VAM’s Investment – Median of Issuer’s financing requirements
21.15%
Median of NCD as a % of Total Borrowings
*States with per capital GSDP lesser than national average (2019)
Sustainable Development Goals (SDGs) Targeted
End poverty in all it’s form everywhere.
Ensure healthy life and promote well being for all ages
Ensure gender equality and and empower all women and girls
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
Build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation.
Reduce inequality within and and among countries
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