India Grade A Office Fund

Alternative Investment Fund (AIF)

Listing Summary

• Maturity Date: April 2032
• Payments (Coupon Rate): Monthly Distribution plus Capital Gain
• Yield % (Indicative IRR): ~22% - 24% Gross IRR
• Minimum Investment: ₹1 Cr

Detailed Overview

Fund Basics

• Fund Type: Category II
• Fund Focus: Real Estate
• Stage of Investment: Growth-stage
• Target Geography: Domestic (Top 6 Indian Cities)

Investment Strategy

• Sector Focus: Real Estate
• Thematic Focus: Grade A Office Properties
• Investment Style: Active Management
• Risk Profile: Medium-risk

Fund Structure

• Fund Size: ₹1500 Cr (including greenshoe)
• Commitment Period: 8 years
• Capital Lock-in Period: 6 years drawdown + 2 years exit
• Minimum Ticket Size: ₹1 Cr
• Sponsor Commitment: Not specified

Fund Performance

• Net NAV Returns: ~17% - 18% Pre-Tax
• Hurdle Rate: 10% p.a.
• Past Performance: Not specified
• Benchmarked Returns: Not specified

Expense Ratio & Fees Analysis

• Management Fees: 1% - 2.25% p.a.
• Performance Fees: Not specified
• Other Expenses: At actuals

Governance & Management Team

• Fund Managers: Ram Yadav, Ashish Mundada, Mehul Naik
• Decision-making Process: Active asset management through Arjava platform
• Auditors & Service Providers: Not specified
• Disclosure Standards: Regular investor, SEBI, and other reportings

Legal, Compliance & Investor Protection

• Regulatory Approvals: SEBI registration No. IN/AIF2/23-24/1260
• Taxation Aspects: Efficient tax pass through
• Investor Grievance Redressal: Not specified

Valuation & Liquidity Considerations

• NAV Valuation Methodologies: Not specified
• Liquidity Options: Exit through REIT
• Alignment with Investor Goals: Wealth multiplier, tax efficient
• Risk Appetite Suitability: Medium-risk investors

Miscellaneous

• Fund Launch Date: September 2023
• Co-investment Opportunities: Not specified
• ESG Score: Not specified
• Fine Print on Fund Tenure & Extension Options: 8 years with 6 years drawdown and 2 years exit