Fundsindia Raises Rs 44.6 Crore Through Maiden Secured NCD Issue

FundsIndia Secures Rs 44.6 Crore in First NCD Issuance

FundsIndia has successfully raised Rs 44.6 crore via its inaugural private placement of secured non-convertible debentures (NCDs), signaling its debut in the corporate debt sector. The funds garnered from this issuance will be directed towards enhancing its technology infrastructure and broadening its range of investment products.

This move comes at a time when wealthy investors are increasingly looking to diversify their portfolios with fixed-income options, driven by shifting market dynamics.