Small & Medium Enterprises Advantage Fund
The Small & Medium Enterprises Advantage Fund (SMEAF-II) is a SEBI-registered Category II AIF launched by IFCI Venture to promote India’s SME sector in line with the Government’s Make in India initiative. The fund targets investments in scalable, growth-oriented, and innovative SMEs across manufacturing and services. The fund has a life of 8 years with two possible 1-year extensions. Its mandate spans auto-components, engineering, chemicals, FMCG, pharma, IT & ITeS, defence, electronics, telecom, agro-products, logistics, biotechnology, e-governance, healthcare, and energy efficiency. SMEAF-II prioritizes professionally managed companies with commercially viable ventures, strong governance, and the ability to provide exits within 5–6 years.