1 / 3
2 / 3
Maharashtra Defence and Aerospace Venture Fund
Catalyzing Innovation and Entrepreneurship
3 / 3
Maharashtra Innovation and Technological Development Fund (MITDF) (the “’Fund”’) has been registered with SEBI as a Category I Alternative Investment Fund (Venture Capital Fund) with effect from August 25, 2022. MITDF is carrying Registration No. IN/AIF1/22-23/1118. IDBI Trusteeship Services Limited is the Trustee and IDBI Capital Markets & Securities Limited is acting as Sponsor and Investment Manager of the MITDF
MDAVF is SEBI registered category II AIF. The primary Investment objective and focus of the fund is to promote sustainable enterprises in the defence, aerospace and allied sectors in Maharashtra, India. The Fund would invest in companies which supply goods or services to defence, aerospace or which manufacture or supply components for defence/ aerospace industry or are strategically important for India.
The Fund would invest in companies through multiple instruments such as equity or equity linked investments, convertible instruments, and debentures, so as to achieve risk adjusted returns
On the occasion of the 125th birth anniversary of Bharat Ratna Dr. Babasaheb Ambedkar, the Honourable Chief Minister of Maharashtra has formulated a new policy for Scheduled Castes (“SC”) and Scheduled Tribes (“ST”) entrepreneurs in the State to make them self-sufficient and financially independent. The scheme will be available for manufacturing and services industries set up by SC/ST entrepreneurs. One of the initiatives under the scheme is setting up of an Investment Fund with the primary objective of promoting and providing finance to sustainable enterprises which are fully owned by SC & ST entrepreneurs.
