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.
