Emerging Corporate Bond Fund Class A

A diversified debt fund which offers one of the highest hurdle rates from a diversified portfolio of high growth operating companies across diverse sectors. These are stable companies with established cashflows. The fund offers granularity of 25-30 vintaged companies which will be a first for a diversified high yield debt fund in India. Ideally suited for investors seeking predictable cash flows from companies with strong operating metrices and no MTM risk at the fund level.

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Category

CATEGORY II AIF

Type

Close Ended

Status

Approved

Fund Size

1000 Cr (Including green-shoe option)

Fund Tenor

3.5 Years

Fund Rating

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-

Final Close

31st March 2023 (Tentative)

Maturity

3.5 years from Final Close

Principal Repayment

Lumpsum at maturity

Returns (pre-tax)

13.20-13.50

Post-tax Returns for Individuals

7.5%-7.7%

Class A

Senior Tranche (A)

95%

Face Value

Return Since Inception

AAA1
AA+2
AA3
AA-4
A+5
A6
A-7
BBB+8
BBB9
BBB-10
Non investment grade11

Riskometer

High*

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

Riskometer

*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

Classes available for Investment

Class A - 95%

Median portfolio rating

BBB-
test

Portfolio concentration

Average single entity exposure of ~5%

Coupons

Quarterly

Pay-outs made

-

Downgrades

-

Upgrades

-

Hurdle met

Fund Managers

Soumendra Ghosh

Chief Investment Officer

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Mohamed Irfan

Fund Manager

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Sustainable Development Goals (SDGs) Targeted

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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

Ensure availability and sustainable management of water and sanitation for all

Ensure access to affordable, reliable, sustainable and modern energy

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

Ensure sustainable consumption and production patterns

Taking urgent action to combat climate change and its impact.

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