HOUSING ADVANTAGE FUND

Investment Strategy

The fund intends to capitalize on opportunities emerging from (a) slew of initiatives taken by the Government to boost Housing for All and (b) Distressed opportunities created post Demonetization and GST. As a part of the investment strategy, Housing Advantage fund will take leverage (max leverage of 1:1) enhance post tax returns. The investment portfolio of the fund shall be similar to India Housing Fund

Allocation Sector Wise :

PMAY – CLSS 80 IBA Mid-Income Housing Mid-Income Housing
Fund Allocation Upto 30% Upto 50% Upto 50% Upto 30%

Key Terms :

Structure Category III Alternative Investment Fund
Target Fund Size INR 2,000 Cr
Sponsor Commitment 5% or INR 10 Cr whichever is lower
Fund Term 5 years from the date of final closing*, with possible extension of 1+1 year, subject to approval of two-thirds of the unit holders by value of their investment in the Fund
Drawdown Tenure Up to 24 months from the close of Initial Closing
Initial Contribution 25% of the Commitment Amount
Target Return1 (Gross IRR) 24-26% per annum( pre-tax post expenses) in INR terms
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