Venture debt / Private credit · SEBI registry
Corporate Debt Market Development Fund
Debt / Venture debt · Private credit / Debt · Mumbai
At a glance
- Stage focus
- Debt / Venture debt
- Primary sector
- Private credit / Debt
- City
- Mumbai
- HQ / office
- Bandra Kurla Complex, Mumbai, Maharashtra
- Fund registered
- 2023
- Corpus (as reported)
- Initial corpus ~Rs 3,000+ crore (~Rs 3,088 cr capital base), with ability to leverage up to 10x backed by Govt Guarantee Scheme for Corporate Debt; 15-year tenure (2023)
- Website
- www.sbifunds.com/CDMDF
About
A SEBI-mandated determinate trust set up in 2023 to develop India's corporate bond market by acting as a backstop facility (purchasing investment-grade corporate debt during stress to ease redemption pressure). SBI Funds Management Ltd is the sponsor and investment manager.
Investment focus
Backstop facility purchasing investment-grade corporate debt securities (bonds/debentures) during market stress; not equity/VC investing
Cheque size
N/A — backstop facility; specified debt-oriented MF schemes and AMCs contribute 0.25% (25 bps) of AUM into CDMDF units (mandatory, locked-in)
As compiled from public sources — verify with the investor.
SEBI registration
Registration category not stated
SIDBI Fund of Funds
Yes — government/regulatory backstop fund: SEBI-mandated CDMDF carries a Guarantee Scheme for Corporate Debt (GSCD) operated via the National Credit Guarantee Trustee Company (NCGTC); set up under SEBI framework as a market backstop facility.
Team & organisation
Managed by SBI Funds Management Ltd. investment team (not separately disclosed)
Closed-ended scheme of a Trust registered as a Category I AIF (15-yr initial tenure, extendable) under SEBI (AIF) Regulations 2012; Investment Manager-cum-Sponsor: SBI Funds Management Ltd. (SBI Mutual Fund AMC)
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Frequently asked
- What does Corporate Debt Market Development Fund invest in?
- Backstop facility purchasing investment-grade corporate debt securities (bonds/debentures) during market stress; not equity/VC investing
- What cheque size does Corporate Debt Market Development Fund write?
- As compiled from public sources: N/A — backstop facility; specified debt-oriented MF schemes and AMCs contribute 0.25% (25 bps) of AUM into CDMDF units (mandatory, locked-in)
- How do I pitch Corporate Debt Market Development Fund through iHub India?
- Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.
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About this record
- ⚑ debt fund (govt-backed backstop, NOT startup VC); managed by SBI Funds Management (SBI-Amundi JV)
Compiled from public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.
Sources: https://www.sebi.gov.in/legal/circulars/jul-2023/framework-for-corporate-debt-market-development-fund-cdmdf-_74416.html; https://www.sebi.gov.in/legal/circulars/dec-2024/classification-of-corporate-debt-market-development-fund-cdmdf-as-category-i-alternative-investment-fund_89928.html