Short Term Bond Fund Class A

A debt fund that maximizes safety, liquidity and return without taking away from one pillar to enhance the other. Scores high on safety with protection against BOTH credit and interest rate risk, liquidity with predictable inbuilt quarterly and annual cashflows which reduce the exposure at risk and returns that beat inflation by a wide margin. Portfolio companies are well established NBFCs with strong governance, granular operations, extensive track record and monoline businesses which are industry leaders. Trusted by banks, insurance companies, family offices, UHNIs and leading advisory partners, the fund is nearing final close including green shoe option. Share Class A is rated Crisil AA+(SO), the highest rating for an AIF in India.

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Category

CATEGORY II AIF

Type

Close Ended

Status

Closed

Fund Size

350 Cr

Fund Tenor

3 years

Fund Rating

AA+ (SO) by CRISIL

Maturity

3 years from Final close

Principal Repayment

Regular payment of interest and principal

Final Close

15th March, 2022

Hurdle (post-expenses, pre-tax)

Returns (pre-tax)

10.55%

Classes available for Investment

Senior - 90%

Coupons

Quarterly

Fund Performance VS Benchmark

Class A

Senior Tranche (A)

90%

Face Value

10,000

Return as of 31st October '21

10.64%

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)

7.5%

Face Value

10,000

Return as of 31st October '21

13.02%

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

Riskometer

Moderate*

*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

Senior - 90%

Median portfolio rating

A-
test

Portfolio concentration

Not more than 10% per individual exposure at final close

Coupons

Quarterly

Pay-outs made

2 as of Sep ‘21

Downgrades

-

Upgrades

-

Hurdle met

Return performance as on 31st Oct – Above target

Fund Managers

Soumendra Ghosh

Chief Investment Officer

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Sustainable Development Goals (SDGs) Targeted

fundslogo

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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