About Company
InCred Asset Management
InCred Asset Management, established in 2020, is the fund management arm of the unicorn InCred Group. Founded by Bhupinder Singh, a former Deutsche Bank executive, the firm manages approximately ₹1,284 crore in its Asset Management (AMC) division as of January 2026. It provides a diverse range of investment solutions, including Portfolio Management Services (PMS) and Alternative Investment Funds (AIF), specializing in long-only equities, structured credit, and private equity. Its investment philosophy centers on a "Great, Good, and Bad" framework—buying high-quality businesses at fair valuations or good businesses at a discount while strictly avoiding "bad" companies. Key strategies include the InCred Healthcare Portfolio and Multi-Cap funds, led by seasoned professionals like CIO Aditya Khemka.
INCRED CREDIT OPPORTUNITIES FUND – III
Fund Snapshot
|
Fund Strategy |
Performing Credit |
|
Fund Inception |
Jul-25 |
|
Sponsor Commitment |
Rs 50 cr |
|
Gross IRR |
Target 16-17% |
|
Serviceability |
Mostly serviceable by operating cash flows |
|
Tenor |
Deals have an average tenor of 24-36 months |
|
Granularity |
Average granularity of 4-5% across the funds |
|
Distribution |
Monthly distributions of c. 1% per month |
|
Target Size |
Rs 1000+500 Crs |
|
Fund Life |
5.75 Years |
|
Granularity |
c. 5-6% |
|
Distributions |
Monthly |
|
Commitment Period |
18 months from final close |
|
Final Close Period |
12 months from first close |
|
Term of the Fund |
5.75 years from first close |
|
Operating Expenses |
0.15% p.a. of fund size or actuals, whichever is lower |
|
Hurdle Rate |
11% IRR in Rs Terms |
|
Recycling Provision for Capital |
Up to 39 months from final close |
Investment Approach
- Profitable Businesses
- Strong Financial Covenants
- Regular Debt Servicing
- Strong Corporate Governance
Disciplined Risk Management
Investment
- Deep diligence for underwriting
- Adequate security cover
- Multiple exit options
Investment
- Deep diligence for underwriting
- Adequate security cover
- Multiple exit options
Risk Management
- Close eye on early warning signals
- Quarterly monitoring meetings
- Proactive risk mitigation alternatives
Confidence Built Through Consistency
Markets may shift, but our discipline doesn’t. At AltPort, consistency is woven into every process—research, selection, execution, and monitoring. Your portfolio grows with stability, not surprises. If long-term confidence is the goal, our disciplined approach delivers exactly that.
Learn about the experienced fund managers responsible for investment decisions, portfolio strategy, and long-term fund performance.
Aditya Khemka
Over 16 years experience in healthcare businesses and investments. Rich global working experience in the US, EU, Latin America and in India Has performed various roles like member of the treasury department of the company managing debt, working capital and financial due diligence of acquisitions target in Glenmark (2006-2007), institutional equities analyst for Lehman, Nomura and Ambit Capital (2008-2015) and Healthcare fund manager for DSP (2015-2020) Qualifications – MSc. (Finance), PGDM (MDI, Gurgaon), CIIA (UK), CFA (ICFAI) Has formulated and executed a product strategy in DSP that drove alpha over the benchmark in 18 months with low churn and highest Sharpe ratio amongst peers Believes in bottom-up research and understanding the source of cash flows and their sustainability.
Find answers to common questions about fund investments, performance, portfolio strategy, and investor services.
The fund follows a performing credit strategy focused on lending to profitable businesses with stable operating cash flows, strong governance standards, and disciplined debt servicing capabilities.
The fund targets a gross IRR of around 16–17% through structured credit opportunities backed by regular cash-flow-generating businesses.
The strategy aims to provide monthly distributions of approximately 1% per month, subject to portfolio performance and cash flow realization.
Most deals in the portfolio are expected to have an average tenor of 24–36 months, allowing for relatively predictable repayment cycles.
The fund uses deep underwriting diligence, strong financial covenants, quarterly monitoring, adequate security cover, and proactive risk mitigation measures to manage downside risks effectively.
Connect with our investment experts for personalized guidance, fund details, and support tailored to your financial needs.
Get In Touch
Disclaimer: Investing in AIF, PMS, Gift City or Mutual Fund is subject to market risk. Please read the related documents carefully. Past performance does not guarantee future results and there is no assurance that the managed accounts will necessarily achieve their objectives. Actual portfolios may differ as a result of account size, client-imposed investment restrictions, the timing of client investments and market, economic, and individual company factors. We at ALTPORT do not guarantee any returns in the hands of investors, nor do we take any sort of accountability for the performance of the scheme.