
Category I
VentureX Fund is a SEBI-registered Category I AIF managed by Alpha AMC, focused exclusively on India's SME sector. The fund has a proposed fund size of ₹250 crores with a green shoe option of ₹250 Crores, suitable for investors with 8 year investment horizon, and invests across Pre-IPO, IPO, QIP, and secondary opportunities in listed and pre-listed SMEs. Stock selection follows a proprietary LMVT framework (Leadership, Moat, Valuation, Tailwinds) supported by an internal forensic due-diligence process, with the investment team led by Fund Manager Rajesh Singla, CIO Ishima Singla, and Portfolio Manager Maneesh Nath. The fund's thesis rests on the historical outperformance of India's SME segment relative to broader indices, along with strong tailwinds from government policy support and the sector's meaningful contribution to India's GDP, exports, and employment. As of June 2026, the fund has onboarded 195 investors with total commitments of approximately ₹244.71 crores, deploying capital across a diversified portfolio spanning AI, chemicals, manufacturing, defense, and consumer sectors. As with any AIF investment, it carries a 1 crore minimum ticket size, and with expected returns close to 36-60%.
Fund Type
Category I
Category Type
SME Focused (100%)
Investment Focus
SME
Fund Currency
INR
Fund size (₹in cr.)
₹500
Green Shoe Corpus (₹in cr.)
₹250
Drawdown (₹in cr.)
₹111
Commitment Raised (₹in cr.)
₹256
Sponsor Commitment (₹in cr.)
₹5
Registration Number
IN/AIF1/24-25/1565
Fund Inception Date
01-01-2025
First Close Date
28-02-2025
Last Close Date
31-03-2027
Last Updated Factsheet
15-07-2026
Ticket Size (₹in cr.)
₹1
Open And Close Ended Fund
Close-Ended
Tenure
10 years
Extension Period
2 years
Lock-in Period
Close-Ended
Residual Tenure
8Y 5M
Open For Investments
Yes