Bengaluru: FundsIndia, a wealth management platform, has closed its first
private placement of secured non-convertible debentures (NCDs), raising Rs. 446
million. The issuance was led by the company's Private Wealth vertical, which
handled the allocation and distribution for the offer.
The funds will go toward
strengthening FundsIndia's technology and platform capabilities, and expanding
the range of investment products it offers clients across its retail, partner,
and private wealth businesses.
The issuance drew participation
from accredited investors and HNI clients through FundsIndia's Private Wealth
platform, with most of the interest coming from high-net-worth investors
looking to add structured fixed-income instruments to their portfolios.
The placement comes at a time
when affluent investors are showing more interest in quality fixed-income
products. As market conditions shift, many are turning to structured debt to
diversify beyond equities and mutual funds.
Akshay Sapru, Group CEO,
FundsIndia, said, "Successfully completing our maiden secured NCD
issuance shows the confidence investors place in the FundsIndia platform and
our long-term vision. As demand for new fixed-income opportunities keeps
growing, we remain focused on delivering solutions that help clients build
resilient, diversified portfolios."
Srinivas Mendu, CEO,
FundsIndia Private Wealth, added, "The response to this issuance
reflects the growing appetite among HNI and UHNI investors for curated
fixed-income opportunities alongside traditional asset classes. Through our
Private Wealth platform, we want to keep giving clients access to differentiated
investment solutions that support long-term wealth preservation and
growth."