FundsIndia Raises Rs 446 Million via Maiden NCD Issue

By Entrepreneur Staff | Jun 24, 2026

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Wealth management platform FundsIndia has successfully completed its maiden private placement of secured non-convertible debentures (NCDs), raising Rs 446 million. The issuance was led by the company’s Private Wealth vertical, which managed the allocation and distribution of the offering.

The proceeds from the fundraise will be used to strengthen FundsIndia’s technology and platform capabilities while expanding its suite of investment products across its retail, partner, and private wealth segments.

The NCD issuance attracted strong participation from accredited investors and high-net-worth individuals (HNIs) through FundsIndia’s Private Wealth platform. According to the company, the majority of subscriptions came from investors seeking structured fixed-income instruments as part of a diversified investment strategy.

The successful placement comes amid growing demand for quality fixed-income products among affluent investors. With evolving market conditions and increased focus on portfolio diversification, structured debt instruments are gaining traction as an alternative to traditional equity and mutual fund investments.

Commenting on the development, Akshay Sapru, Group CEO, FundsIndia, said, “Successfully completing our maiden secured NCD issuance shows the confidence investors place in the FundsIndia platform and our long-term vision. As demand for new fixed-income opportunities keeps growing, we remain focused on delivering solutions that help clients build resilient, diversified portfolios.”

Srinivas Mendu, CEO, FundsIndia Private Wealth, highlighted the increasing appetite for alternative fixed-income products among wealthy investors. “The response to this issuance reflects the growing appetite among HNI and UHNI investors for curated fixed-income opportunities alongside traditional asset classes. Through our Private Wealth platform, we want to keep giving clients access to differentiated investment solutions that support long-term wealth preservation and growth,” he said.

The issuance marks an important milestone for FundsIndia as it continues to broaden its investment offerings and strengthen its position in India’s evolving wealth management landscape.