Active Stocks
Sat May 18 2024 12:49:03
  1. Tata Motors share price
  2. 952.95 0.76%
  1. Power Grid Corporation Of India share price
  2. 316.85 1.12%
  1. Tata Steel share price
  2. 167.90 0.39%
  1. ITC share price
  2. 436.50 -0.02%
  1. State Bank Of India share price
  2. 821.30 0.42%
Business News/ Markets / Stock Markets/  InCred’s new AIF to invest in listed cos
BackBack

InCred’s new AIF to invest in listed cos

The Category III AIF will be a four-year closed-end fund focusing on capex-led growth for the next decade, and will back companies with deleveraged balance sheets, and benefiting from government incentives, low interest rates and increasing domestic and export demand

Photo: iStockPremium
Photo: iStock

MUMBAI : InCred Asset Management Co., the fund management arm of financial services firm InCred, has launched its second alternative investment fund (AIF), which will invest in publicly-listed companies, Mrinal Singh, the company’s chief executive and chief financial officer, said in an interview.

The Category III AIF will be a four-year closed-end fund focusing on capex-led growth for the next decade, and will back companies with deleveraged balance sheets, and benefiting from government incentives, low interest rates and increasing domestic and export demand.

“We are talking about a very long runway of capex that we will see and we think this is a very long and large theme. This will not just be about looking for high ROC (return on capital) and ROE (return on equity) businesses, but you have to look at what is the product, what is the advantage, where they stand in the competitive landscape, is their capex optimal, is the demand showing up?" he said. “We believe that the time has come for being early in this trend."

The fund will primarily invest in mid- and small-cap stocks that can benefit from strong earnings growth and rerating of businesses.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed - it's all here, just a click away! Login Now!

ABOUT THE AUTHOR
Swaraj Singh Dhanjal
" Based in Mumbai, Swaraj Singh Dhanjal is responsible for Mint’s corporate news coverage. For the past eight years he has been writing on the biggest deals in private equity, venture capital, IPO market and corporate mergers and acquisitions. An engineer and an MBA, he started his journalism career in 2014 with Mint. "
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 28 Feb 2022, 12:11 AM IST
Next Story footLogo
Recommended For You
GENIE RECOMMENDS

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started