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Fund geography
Emerging countries (256) / Asia (67) / Southern Asia (30) / India (25)
India Financial Inclusion Fund (IFIF) is a US$ 90 Mn fund that was set up in August 2008 as an off-shore India-focused equity fund, investing in high-growth, small to medium MFIs and enablers.
IFIF’s triple bottom line objectives are financial inclusion, capital appreciation, and social performance initiatives. Through its investments, IFIF will aim to:
- Provide new MFIs with start-up, growth capital, strategic inputs, and technical advice
- Support and enable product diversification by providing appropriate risk capital
- Encourage the scaling up or creation of microfinance enablers, who will contribute to building an efficient microfinance ecosystem
- Play the role of an active, responsible investor seeking to deliver a competitive financial return and support the expansion of social performance initiatives
Asset class
Fund status
Fund style
Financial description
We look for early opportunities in Companies who:
- Focus on financial inclusion services for the un-served/under-served segments of society
- Have sustainable and scalable business models
- Have ambitious, qualified and experienced management teams, interested in running successful, efficient and large microfinance operations
- Provide a vast range of innovative ideas for service delivery
- Possess a sound debt servicing ability
- Encompass strong capabilities and intents to generate attractive returns
16 years
of track record
2008
the year funded
88,974,200 USD
AUM
Interested in this fund?
Log in or create an account to request more information.
Gain a deeper and comprehensive understanding of how this fund generates positive impact in the themes and SDGs that matter to you, with insights provided by our dedicated team of expert analysts, and receive notifications about new available impact products, exciting investment opportunities, and relevant updates in the world of impact investing.
Asset manager
Caspian Advisors Private Limited
Headquarters location: India
Other funds managed by this asset manager: CASPIAN SME IMPACT FUND IVBellwether Microfinance Fund Private Limited
Impact Category
Key performance indicators
Fund overview
Asset manager: Caspian Advisors Private Limited
Product track record: Fund has 16 years of track record
Target IRR: n.a.
Committed Capital: n.a.
Target return category: Risk-adjusted market-rate of return
Fund domicile: Mauritius
Product status: Closed - still investing
Style/Stage: Early Stage, Growth Stage, Secondary
Inception year: 2008
Vintage year: 2008
Target region: Asia, Emerging countries, India, Southern Asia
Target close date: n.a.
Product term: 10
Assets under management: 88,974,200 USD (US Dollar)
Investment size: Min: 2,000,000; Max: 10,000,000; Avg: 5,000,000
Co-investment policy: Only with LPs
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 11
Fund investments to date exited or repaid: 0
Management fee: n.a.
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: Yes
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: Development Finance Institution (DFI), Other Institutional Investors
Contact
E-mail: info@caspian.in
Website: http://www.caspian.in/ifif.aspx
Phone number: +91 40 66297100
If you wish to have your details removed from this database please email gdpr@impactyield.com
Mona Kachhwaha
Director Investments
Impact Performance
n.a.
Impact thesis
Caspian has been working closely with Investees on pursuing and developing appropriate Social Reporting and Management practices within their respective institutions. Through its active engagement, Caspian continuously encourages socially and environmentally friendly practices, with particular focus on the promotion of, and commitment to, transparency and responsible reporting.
In addition, we also officially endorse the Smart Campaign – a global effort meant to unite microfinance leaders around a around a common goal of enhancing client protection.
Impact Management
n.a.