> SME Growth Fund
Venture Funds are recognized
globally as the most suitable form of providing risk capital to innovative and high
technology businesses. In order to meet the venture capital needs of SME units and
enable them to achieve rapid growth by taking advantage of opportunities in the
emerging sectors, SIDBI Venture Capital Ltd. has set up SME GROWTH FUND.
The fund has a targeted corpus of
500 crore with a life of 8 years.
SME GROWTH FUND is registered with Securities and Exchange Board of India (SEBI)
as a Venture Capital Fund and has been structured as a unit scheme to make primarily
equity or equity-related investments in the growth oriented businesses having significant
business activity in India. The Fund seeks to achieve attractive risk-adjusted returns
for its contributors through long-term capital appreciation.
The fund is fully invested
and is presently in the divestment stage.