InCred Asset Management raised Rs 300 crore funds

InCred Asset Management raised Rs 300 crore funds from large family offices and high net worth individuals for its first credit fund, InCred Credit Opportunities Fund I. (ICOF-I).

The fund received 60% subscription in the first close within three months of its launch, according to the company. In the midst of a volatile equity market, the fund provides an alternative investment product for investors, he added. A differentiated fund strategy, as well as an increasing appetite among investors for high yield debt products as an effective diversification play, have contributed to the high demand for this yield-oriented fund.