Product Launches – Real Estate
ArthVeda Fund Management, a DHFL group company, has launched a realty fund called Arthveda Star, worth Rs. 200 crore. The realty fund comes with an option to raise an additional Rs. 100 crore and aims to invest in greenfield residential projects. The fund’s tenure is three years, with an option to extend two terms of one year each. One can buy into the fund with a minimum one-time investment of Rs. 10 lakh. If one wants to invest in instalments, one has to put in a minimum Rs. 25 lakh in three instalments spread over six months. The management fee is 2% per annum, payable quarterly. There is an entry load of 2% for investments less than Rs. 1 crore and 1% for investments more than Rs.1 crore.