VC fund (Cat II) · SEBI registry
SMALL AND MEDIUM ENTERPRISES ADVANTAGE FUND
Growth (Series C+) · MSME & SME finance · New Delhi
At a glance
- Stage focus
- Growth (Series C+)
- Primary sector
- MSME & SME finance
- City
- New Delhi
- HQ / office
- New Delhi (IFCI Tower, 61 Nehru Place)
- Fund registered
- 2015
- Corpus (as reported)
- Target corpus Rs 500 cr with IFCI sponsor commitment of Rs 50 cr (per IFCI Venture disclosures)
- Website
- www.ifciventure.com
- Profile ↗
About
The Small & Medium Enterprises Advantage Fund is a SEBI Category II AIF managed by IFCI Venture Capital Funds Ltd, the venture-capital subsidiary of government-backed IFCI Ltd, set up to provide growth capital to MSMEs. It is an MSME-focused fund (current vintage marketed as SMEAF-II), not a startup venture fund.
Investment focus
Category II AIF investing in Micro, Small and Medium Enterprises (MSMEs) via growth capital/structured financing
SEBI registration
SEBI AIF Category II — reported as “Cat II”
- IN/AIF2/15-16/0186
SIDBI Fund of Funds
Yes — manager IFCI Venture Capital Funds Ltd is a subsidiary of IFCI Ltd, a Government of India DFI; IFCI commits ~INR 50 Cr as Settlor/Sponsor to the fund (target corpus INR 500 Cr). Govt/DFI sponsor relationship via IFCI. (No explicit SIDBI FFS commitment confirmed.)
Team & organisation
Managed by IFCI Venture Capital Funds Ltd (institutional team across multiple funds); SMEAF-specific professional count not disclosed
Category II AIF (SME Advantage Fund), settled/sponsored by IFCI Venture Capital Funds Ltd (govt DFI); part of IFCI Venture's multi-fund platform
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Frequently asked
- What does SMALL AND MEDIUM ENTERPRISES ADVANTAGE FUND invest in?
- Category II AIF investing in Micro, Small and Medium Enterprises (MSMEs) via growth capital/structured financing
- How do I pitch SMALL AND MEDIUM ENTERPRISES ADVANTAGE 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
- ⚑ PE/SME growth fund (Cat II) — government-backed (IFCI Ltd subsidiary), not startup VC
Compiled from SEBI registrations and 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.ifciventure.com; https://www.ifciventure.com/small-medium-enterprises-advantage-fund