Category II
The Neo Income Plus Fund III is a ₹2,000–₹3,000 crore Category II Alternative Investment Fund (AIF) that focuses on performing corporate credit. Managed by Ashutosh Ojha, this 4-year closed-ended fund targets gross returns of 15% to 16% per annum by providing secured debt to stable, profitable mid-market Indian companies for expansion and working capital. It is structured to provide high cash flow visibility, aiming to distribute a steady monthly yield of approximately 1% to its investors.
Fund Type
Category II
Category Type
Sector Agnostic (100%)
Investment Focus
Private Credit
Fund Currency
INR
Fund size (₹in cr.)
₹1,250
Green Shoe Corpus (₹in cr.)
-
Drawdown (₹in cr.)
-
Commitment Raised (₹in cr.)
-
Sponsor Commitment (₹in cr.)
-
Registration Number
IN/AIF2/24-25/1656
Fund Inception Date
-
First Close Date
-
Last Close Date
-
Last Updated Factsheet
-
Ticket Size (₹in cr.)
₹1
Coupon Rate
4%
Open And Close Ended Fund
Close-Ended
Tenure
4 years
Extension Period
-
Lock-in Period
Close-Ended
Residual Tenure
-
Open For Investments
Yes
