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SBI Capital Ventures Ltd to float SME and Affordable Housing Fund

Both funds are targeting closure of fund in the second half of next financial year (2019-20)

pf, mutual funds

SBI Capital Ventures Ltd (SVL), an alternative asset management arm of State Bank of India group, will float two funds – Small and Medium Enterprises (Rs 4 billion) and Affordable Housing Fund (Rs 3.5 billion). This is part of plans to expand the portfolio of funds under SBI Caps Ventures, a subsidiary of SBI Capital Markets Ltd. Both funds are targeting closure of fund in the second half of next financial year (2019-20). SME Fund will be broad-based fund covering manufacturing and services sector. The affordable housing fund will focus on four metropolitan areas of ...