Holani Venture Capital Fund (HVCF) has announced a Net Asset Value (NAV) of Rs 157.62 per unit as of November 30, 2024.
Launched in July 2024 with an initial corpus of Rs 300 crore and an optional extension of Rs 100 crore, the Category I Alternative Investment Fund (AIF) actively invests in SMEs through anchor investments, early-stage funding, and IPO participation. The fund has focused on the growing SME IPO market, leveraging the sector‘s potential for high returns.
Since inception, HVCF has reportedly achieved a 2.22% return, while the Nifty Smallcap 100 and Nifty Midcap 100 indices delivered 4.83% and 4.28%, respectively, in the same period. Strategic asset allocation played a key role, with 52% of the fund’s portfolio invested in the HVAC sector, driven by rising urbanisation and demand for energy-efficient solutions.
Ashok Holani, founder of HVCF, said, “The strong NAV performance is a stepping stone toward our continued journey of growth, innovation, and exceptional value delivery. We are confident that our strategy will help us navigate challenges and seize opportunities for our investors.”
