ASHA Fund – Overview

ASHA Fund provides a unique opportunity of investing in the burgeoning Indian Real Estate. ASHA is Arthveda’s 3rd Real Estate Fund with a focus on Affordable Housing for Low Income Groups (LIG) in outskirts of Metros, Tier 1 / 2 / 3 cities. The fund replicates the proven investment strategy of Arthveda’s Middle Income Housing Fund, STAR Fund, to Low Income Housing (LIH) with much stringent investment norms.

KEY INFORMATION ABOUT ASHA FUND  As of 31st March 2019

PAN Number of ASHA FUND AAETA9545L
Name of the Trustee of ASHA FUND DHFL Venture Trustee Private Ltd
Name of the Investment Manager of ASHA FUND Arthveda Fund Management Pvt Ltd
Name of Statutory Auditor of ASHA FUND Chaturvedi & Shah
Name of Internal Auditor of ASHA FUND Saraf Gurkar & Associates
Name of Registrar & Transfer Agent Karvy Fintech Private Limited
Name of the Bankers of Asha Fund HDFC Bank Ltd
Registration Number and date of SEBI of Arthveda Affordable Housing Trust, of which ASHA FUND is a scheme IN/AIF2/15-16/0157 dated 25th June 2015
Fund drawn (after entry load) INR 24.17 crores
Initial closing 28-Mar-16
Final closing 24-June-17
Commitment Period as per PPM 6 months from date of final closing
End of term of fund** 24-December-20
Hurdle rate as per PPM and Contribution Agreement 12% pre tax p.a
Carried interest 20% with catch up
Management Fees 2% p.a., charged quarterly
Entry load Upto 2% of contributons
Term of the fund from end of commitment period3 (+1+1) years
Contact information - Address HDIL towers , Ground Floor, Anant Kanekar Marg, Bandra East Mumbai 400 051
Contact information - EmailInvestor.relations@arthveda.co.in
Contact information- Phone 022-26583200

CATEGORY OF INVESTORS AND FUNDS RAISED  As of 31st March 2019  of ASHA FUND

Category% of total investors% to total cumulative funds
raised by scheme/funds
Individuals65.0074.84
Corporate / Institutions / Others35.0025.16
Total ( Rs in Crores) 100.00100.00

Value Investing

ASHA follows the tenets of value investing to deliver superior risk adjusted returns. Investment destinations have been carefully screened based on a rigorous secondary research and interactions with industry participants. Investment parameters have been defined based a thorough on-ground research while incorporating Arthveda’s investment expertise in the Middle Income Housing Investments. All investments are subject to a very rigorous due-diligence process, which provides a 360-degree on all aspects of the target project.

ASHA is registered as AIF CAT – II Fund with SEBI. Please refer to PPM and risk factors mentioned there in for further details.