InCred’s new AIF will invest in listed companies

Bombay : InCred Asset Management Co., the fund management arm of financial services company InCred, has launched its second Alternative Investment Fund (AIF), which will invest in publicly traded companies, said Mrinal Singh, Managing Director and chief financial officer of the company. in an interview.

The Tier III AIF will be a four-year closed-end fund focused on growth focused on capital expenditure for the next decade, and will support companies with deleveraged balance sheets and benefiting from government incentives, interest rates low interest and growing domestic and export demand.

“We’re talking about a very long track of capex that we’ll see and we think that’s a very long and broad theme. It’s not just going to be about looking for companies with high ROC (return on capital) and ROE ( return on equity), but you have to look at what’s the product, what’s the advantage, where they sit in the competitive landscape, is their optimal capex, is the demand showing up?” he declares. “We believe now is the time to be at the start of this trend.”

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

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