JM Financial Asset Management has launched its second credit AIF, JM Financial Select Credit Fund II (SCF II), a Category II AIF with a base corpus of Rs 1,000 crore and a greenshoe option of another Rs 1,000 crore.
The launch of SCF II marks another step in the firm’s expanding alternative investment platform.
The fund will invest in performing credit opportunities across sectors, focusing on companies with stable cash flows, strong business fundamentals, and credible promoter track records. Through this strategy, SCF II aims to provide structured credit solutions to high-quality businesses while offering investors attractive risk-adjusted returns.
The strategy will be led by Amit Dharod, Managing Director, Alternative Assets at JM Financial Asset Management, who joined the firm last year from Ascertis Credit (formerly BPEA Credit). Dharod brings over 25 years of experience, having worked with institutions including ICICI Bank, GE Capital, and the Royal Bank of Scotland.
The fund will also leverage JM Financial Group’s integrated ecosystem across investment banking, capital markets, and credit to access differentiated deal flow and strengthen origination capabilities.
According to data released by the Securities and Exchange Board of India (SEBI), India’s AIF industry continues to expand rapidly, with total commitments reaching Rs 15.74 lakh crore as of December 2025.
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