KOCHI: The country’s first SEBI-registered and Shariah-complaint venture capital fund, Secura Investment Management (India) Pvt. Ltd., launched its third investment management fund, Realty AIF 1 (Alternative Investment Fund).Aiming to raise Rs 200 crore with the Green Shoe Option of Rs 100 crore, the minimum investment under the scheme is Rs 1 crore, which can be paid in installments in three years. The scheme will have its first closing on December 31, 2016,The tenure of the fund is seven years from the final closing, said the company officials. “With the investment potential in real estate sector is growing at a steady pace, we are looking at an annualized RoI of 15-20%” said Mehaboob M. A., Managing Director, Secura Investment Management.“We had raised small-sized funds earlier. Now that the norms to tap into offshore investors have been relaxed, we are looking at a bigger capital pool,” Mr. Mehaboob said.He added that the primary objective of the fund is to carry out investments as permissible under the regulations of SEBI and raise resources to provide venture capital assistance to portfolio companies operating in the Indian real estate and allied sectors.

Source: Economic Times October 17, 2016 14:15 UTC