JM Financial Asset Management has launched its second credit-focused alternative investment fund, JM Financial Select Credit Fund II (SCF II), a Category II AIF with a base corpus of ₹1,000 crore and a greenshoe option of another ₹1,000 crore.
The launch marks another expansion step for the firm’s growing alternative investment platform as institutional demand for private credit strategies continues to rise in India.
Fund to Target Structured Credit Opportunities
SCF II will invest in performing credit opportunities across sectors, focusing on businesses with stable cash flows, strong fundamentals, and credible promoter track records.
The strategy aims to provide structured credit solutions to high-quality companies while delivering attractive risk-adjusted returns for investors.
The fund will be led by Amit Dharod, Managing Director, Alternative Assets at JM Financial Asset Management, who joined the firm last year from Ascertis Credit.
Dharod brings more than 25 years of experience across institutions including ICICI Bank, GE Capital, and Royal Bank of Scotland.
India’s AIF Industry Continues Rapid Growth
The fund will also leverage JM Financial Group’s integrated ecosystem spanning investment banking, capital markets, and credit businesses to source differentiated deal opportunities.
According to data from the Securities and Exchange Board of India (SEBI), India’s AIF industry continues to scale rapidly, with total commitments reaching ₹15.74 lakh crore as of December 2025.
The growing demand for structured private credit solutions has emerged as a major trend as companies increasingly look beyond traditional banking channels for capital access.