Backed by global DFIs and leading impact institutional investors, VIRAF is India’s first securitization AIF focused on financial inclusion. The fund invests in asset-backed securities backed by granular retail loans to micro and small enterprises, low-income households, and women entrepreneurs. With $165 million already committed, VIRAF is now raising an additional $85 million debt to deepen its impact and expand access to global capital.
Established as IFSC-based fund structures, including IFSC AIFs or managed by fund managers with a GIFT City presence, ensuring efficient cross-border investment flows.
Tailored for non-resident investors, such as NRIs, FPIs, OCIs, and foreign institutions, offering INR or USD exposure within a tax-efficient regime.
