Jaipur-based merchant banker Holani Venture Capital Fund (HVCF) has reported Net Asset Value (NAV) of Rs 157.62 per unit as of November 30, 2024, marking a remarkable growth of over 50% in six months.
Launched in July 2024 as a Category I Alternative Investment Fund (AIF), HVCF started with an initial corpus of Rs 300 crore, extendable to Rs 400 crore. The fund focuses on Small and Medium Enterprises (SMEs), blending anchor investments, early-stage ventures, and robust IPO participation to create a balanced portfolio. By tapping into India’s vibrant SME IPO market, it has capitalized on the substantial growth potential of unlisted companies.
“This strong NAV performance is a testament to our innovative strategy and experienced team. We remain committed to navigating challenges and delivering exceptional value for our investors,” Ashok Holani, Chairman, said.
While benchmark indices such as Nifty 50 and Nifty Midcap 100 rose by 2.22% and 4.28%, respectively, during the same period, HVCF outperformed with over 50% growth. Its success was driven by a 52% allocation to the Heating, Ventilation, and Air-Conditioning (HVAC) sector, complemented by investments in renewable energy, technology, and logistics.
Looking ahead, HVCF aims to expand into high-growth markets, emphasize sustainability, and leverage technology to refine its investment strategies and outcomes.
This press release contains forward-looking statements, which are subject to certain risks and uncertainties, including but not limited to government actions, local, political or economic developments and technological risks. The factors could cause actual results to differ materially from those contemplated by the relevant forward-looking statements.