• The fund will invest in a diversified (15-20 Securities) portfolio of midsized NBFC debt, Microfinance Debt, Pass-through-certificates of retail and SME loan-pools, Debt of alternative lending NBFC’s and Structure finance of non-financial companies. The mid-yield debt securities in financial services at present off pre-tax returns of 14% to 17%. The returns target for the fund net of fees and taxes is 9.5% – 10.5% p.a.