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HDFC AMC Structured Credit AIF–I (IN/AIF2/24-25/1705) is a SEBI-registered Category II AIF managed by HDFC Asset Management Company Limited (HDFC AMC, NSE/BSE listed, CIN: L65900MH1999PLC123027), India's largest asset management company. The fund's scheme is HDFC AMC Structured Credit Fund–I, an INR 1,500 crore secured private credit fund (with INR 1,000 crore green shoe) targeting mid-teen risk-adjusted returns over a 4–6 year horizon. The fund is sector-agnostic (excluding real estate) and invests in secured credit instruments including senior secured debt, structured credit, and promoter-level financing. First close raised INR 1,290 crore from institutional investors, family offices, and UHNIs. Anchor investor: IFC (International Finance Corporation, World Bank Group), which committed up to INR 220 crore. Sponsor commitment from HDFC AMC: up to 14% of the fund corpus (~INR 210 crore). Warehousing commitment: INR 300 crore. Investment team: 6 members with aggregate ~55 years of experience. Three investments committed as of early 2026: (i) gold loan NBFC with INR 2,750 crore AUM — INR 100 crore; (ii) holdco financing for promoters of a managed contract manufacturing platform — INR 100 crore; (iii) passenger mobility service provider with ~1,800 bus fleet in ~110 cities — INR 100 crore. Total committed: INR 380 crore. Trustee: Vistra ITCL (India) Limited. Sponsor: HDFC Asset Management Company Limited. SEBI contact: Supriya Sapre. Operational address: 4th Floor, HDFC House, 165–166, H.T. Parekh Marg, Backbay Reclamation, Churchgate, Mumbai 400020.
HDFC AMC Structured Credit Fund–I targets established and stable businesses led by reputed and credible promoters requiring bespoke structured credit solutions. What the fund likes: reputed/credible promoters; established, stable businesses with proven profitability and repayment track record. What the fund finances: at company level — growth/flexible capital, liquidity financing, acquisition financing; at promoter level — bridge to monetization events, stake buyout/consolidation. Risk management: diversification via concentration caps at issuer and sector levels; downside protection through steady cashflows, collateral combinations, guarantees; robust investment process with comprehensive risk management and frequent portfolio monitoring. Origination is through HDFC AMC's proprietary client network, HDFC internal coverage, and reputed advisors and like-minded funds. Only 4–5% of originated deals are expected to be deployed. The fund is a signatory to the UN Principles for Responsible Investment (PRI) and follows IFC Performance Standards and IFC Exclusion List for ESG compliance.
Provident Funds Treasuries and Special Mandates
Provident Fund Mandate
Diversified Portfolio - Equity
Bespoke
Bespoke Accounts
All Cap
All Cap Portfolio - DPMS
Diversified Portfolio - Hybrid
HDFC AMC MF Select Portfolio Equity
HDFC AMC MF Select Portfolio Equity (Formerly Portfolio of MF Schemes/ETFs)
Enhanced Portfolio 1
India Ascent Portfolio - DPMS
HDFC AMC Liquid Portfolio
Dilraj Singh Vilkhu
FMFund Manager – HDFC AMC Select AIF FoF I
Dilraj Singh Vilkhu is the Fund Manager of HDFC AMC Select AIF FoF – I, responsible for manager selection, portfolio construction, and oversight of VC and PE AIF investments.
Subhashree Vijayaraghavan
FMFund Manager – HDFC AMC Structured Credit Fund I
Subhashree Vijayaraghavan is Fund Manager of HDFC AMC Structured Credit Fund–I. She heads the 6-member investment team with aggregate ~55 years of experience, responsible for deal origination, credit underwriting, structuring, and portfolio monitoring of secured credit instruments across sectors.
Deepak S. Parekh
Non-Executive Chairman, HDFC AMC Board
Navneet Munot
Managing Director & CEO, HDFC AMC
Navneet Munot is MD & CEO of HDFC Asset Management Company Limited. He joined from SBI Mutual Fund in 2021 where he had served as CIO for over 12 years. Under his leadership HDFC AMC has expanded its alternatives platform including Fund-of-Funds AIFs and structured credit.
Renu S. Karnad
Non-Executive Director, HDFC AMC Board
Supriya Sapre
SEBI Contact Person
V. Srinivasa Rangan
Non-Executive Director, HDFC AMC Board
Asha Vyas
SEBI Contact Person – AIF; Corporate Client Services
Roshni Nadar Malhotra
Independent Director, HDFC AMC Board
Dhruv Subodh Kaji
Independent Director, HDFC AMC Board
Jairaj Purandare
Independent Director, HDFC AMC Board
Parag Shah
Independent Director, HDFC AMC Board
Sanjay Bhandarkar
Independent Director, HDFC AMC Board
Sanjay Bhandarkar is an investment banker with 25+ years at Rothschild, Peregrine, and ICICI Securities in corporate finance advisory. Also on the boards of Tata Power, Tata Projects, and Chemplast Sanmar as Independent Director.
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