Private equity, private credit and real-estate funds that don't employ leverage except for operating needs. The largest AIF category.
HDFC Asset Management Company Limited (HDFC AMC, NSE/BSE listed, CIN: L65900MH1999PLC123027) is India's largest asset management company with mutual fund AUM of ~USD 100B+, a 25-year vintage, and 14.5 million unique investors across 26 million live accounts served through 280 offices and 103,000+ distribution partners. HDFC AMC is a signatory to the UN Principles for Responsible Investment (PRI) and follows IFC Performance Standards for its alternative funds. HDFC AMC AIF II (IN/AIF2/12-13/0038) is the trust vehicle through which HDFC AMC manages HDFC AMC Select AIF FoF – I — a Category II Fund-of-Funds that invests across VC and PE AIFs in India with equal VC/PE allocation and no sector restrictions, targeting a maximum of 15 underlying funds. The fund closed commitments of INR 1,200 crore (September 2024) against a target corpus of INR 1,500 crore (with INR 1,000 crore green shoe). Sponsor: HDFC Bank Limited. Trustee: Vistra ITCL (India) Limited. Fund Manager: Dilraj Singh Vilkhu. SEBI Contact: Asha Vyas. HDFC AMC's sibling AIF is HDFC AMC Structured Credit AIF–I (IN/AIF2/24-25/1705), an INR 1,500 crore secured credit fund (6-year tenor, mid-teen return target, sector-agnostic excluding real estate) with a 6-member investment team aggregating ~55 years of experience; known investments include a gold loan NBFC (INR 100 crore), a holdco financing for contract manufacturing (INR 100 crore), and a passenger mobility service provider (INR 100 crore).
Dilraj Singh Vilkhu
Fund managerFund Manager – HDFC AMC Select AIF FoF I
Dilraj Singh Vilkhu is the Fund Manager of HDFC AMC Select AIF FoF – I, responsible for manager selection, portfolio construction, and oversight of VC and PE AIF investments.
Subhashree Vijayaraghavan
Fund managerFund Manager – HDFC AMC Structured Credit Fund I
Subhashree Vijayaraghavan is Fund Manager of HDFC AMC Structured Credit Fund–I. She heads the 6-member investment team with aggregate ~55 years of experience, responsible for deal origination, credit underwriting, structuring, and portfolio monitoring of secured credit instruments across sectors.
Asha Vyas
SEBI Contact Person – AIF; Corporate Client Services
Deepak S. Parekh
Non-Executive Chairman, HDFC AMC Board
Navneet Munot
Managing Director & CEO, HDFC AMC
Navneet Munot is MD & CEO of HDFC Asset Management Company Limited. He joined from SBI Mutual Fund in 2021 where he had served as CIO for over 12 years. Under his leadership HDFC AMC has expanded its alternatives platform including Fund-of-Funds AIFs and structured credit.
Renu S. Karnad
Non-Executive Director, HDFC AMC Board
V. Srinivasa Rangan
Non-Executive Director, HDFC AMC Board
Roshni Nadar Malhotra
Independent Director, HDFC AMC Board
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Dhruv Subodh Kaji
Independent Director, HDFC AMC Board
Jairaj Purandare
Independent Director, HDFC AMC Board
Parag Shah
Independent Director, HDFC AMC Board
Sanjay Bhandarkar
Independent Director, HDFC AMC Board
Sanjay Bhandarkar is an investment banker with 25+ years at Rothschild, Peregrine, and ICICI Securities in corporate finance advisory. Also on the boards of Tata Power, Tata Projects, and Chemplast Sanmar as Independent Director.
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