Samarth Bond Fund Class B
Our first debt fund and a category creator for differentiated risk-reward to investors from the same underlying portfolio. First to offer investors an opportunity to invest alongside the IM and earn a hurdle higher than the gross YTM of the fund. Invested into by insurance companies, family offices, UHNIs and distributors, Samarth Share Class B will mature by March 2027compare
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)
16%
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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