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 2027

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Category

CATEGORY II AIF

Type

Close Ended

Status

Closed

Fund Size

265 Cr

Fund Tenor

6 Years

Fund Rating

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AA+(SO) by CRISIL

Final Close

2021 March

Maturity

March 2027

Principal Repayment

Lumpsum at maturity

Returns (pre-tax)

16%

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

Riskometer

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

Riskometer

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

Classes available for Investment

-

Median portfolio rating

BBB+
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Portfolio concentration

7.50%

Coupons

Quarterly

Pay-outs made

6

Downgrades

1 out of 16 companies

Upgrades

3 out of 16 companies

Hurdle met

Return performance as on 31st Oct– Below target, catching-up

Fund Managers

Soumendra Ghosh

Chief Investment Officer

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Mohamed Irfan

Fund Manager

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Impact in Numbers

278

Total Loans financed (INR cr)

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65,584

Total # of borrower outreach

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24,624

# of microenterprenurs reached by MFIs

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1,950

# of Small and Medium businesses financed

17,372

# of Rural mobility solutions financed

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2,534

# of New to Credit customers financed

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34%

% of Loans to backward states*

blue-line

42,312

Average Loan size (INR)

1.56%

VAM’s Investment – Median of Issuer’s financing requirements

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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

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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

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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