Vivriti India Retail Assets Fund
(Legal name: Vivriti Fixed Income Series-3 IFSC LLP)
Backed by M&G, IFC, BII, OeEB, and Calvert Impact, VIRAF is India’s first securitization AIF focused on financial inclusion. The fund invests in asset-backed securities backed by granular retail loans to micro and small enterprises, low-income households, and women entrepreneurs. With $165M already committed, VIRAF is now raising an additional $85M debt to deepen its impact and expand access to global capitalcompare
Category
GIFT Category III - Alternative Investment Fund (AIF)
Type
Close Ended
Status
Live
Fund Size
USD 250 Million
Fund Tenor
10 years (up to March 2033)
Fund Rating
AA+ (ICRA, an affiliate of Moody’s)
Maturity
Principal Repayment
Primarily towards end of Fund life
Final Close
NIL
Hurdle (post-expenses, pre-tax)
Returns (pre-tax)
Classes available for Investment
Class A - 90%
Income payout
Quarterly
Coupons
Target portfolio yield (XIRR)
Mid-teens
Class A
Senior Tranche (A)
90%
Face Value
Return Since Inception
AAA1
AA+2
AA3
AA-4
A+5
A6
A-7
BBB+8
BBB9
BBB-10
Non investment grade11
Moderate*
Class B
Subordinated Tranche (B)
-
Face Value
Return Since Inception
AAA1
AA+2
AA3
AA-4
A+5
A6
A-7
BBB+8
BBB9
BBB-10
Non investment grade11
*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
Sustainable Development Goals (SDGs) Targeted
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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