Bengaluru [India], June 24: FundsIndia, a wealth management platform, has closed its first private placement of secured non-convertible debentures (NCDs), raising Rs. 446 million.
The issuance was led by the company's Private Wealth vertical, which handled the allocation and distribution for the offer.
The funds will go toward strengthening FundsIndia's technology and platform capabilities, and expanding the range of investment products it offers clients across its retail, partner, and private wealth businesses.
The issuance drew participation from accredited investors and HNI clients through FundsIndia's Private Wealth platform, with most of the interest coming from high-net-worth investors looking to add structured fixed-income instruments to their portfolios.
The placement comes at a time when affluent investors are showing more interest in quality fixed-income products. As market conditions shift, many are turning to structured debt to diversify beyond equities and mutual funds.
Akshay Sapru, Group CEO, FundsIndia, said, "Successfully completing our maiden secured NCD issuance shows the confidence investors place in the FundsIndia platform and our long-term vision. As demand for new fixed-income opportunities keeps growing, we remain focused on delivering solutions that help clients build resilient, diversified portfolios."
Srinivas Mendu, CEO, FundsIndia Private Wealth, added, "The response to this issuance reflects the growing appetite among HNI and UHNI investors for curated fixed-income opportunities alongside traditional asset classes. Through our Private Wealth platform, we want to keep giving clients access to differentiated investment solutions that support long-term wealth preservation and growth."
Founded in 2008, FundsIndia is a digital-first wealth management platform offering investment execution services to individuals, partners, and corporate families.
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