ANGEL FUND

AMFI-Registered Mutual Fund Distributor

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Introduction

Angel fund is a money pool created by high-net-worth individuals or companies (generally called angel investors), for investing in business start-ups. They are a subcategory of venture capital funds with a special focus on startups, whereas venture capitalists generally invest at a later stage of the development of the company.

Features of Angel Fund

Angel funds can raise funds only by issuing units to angel investors which should have a corpus of at least a hundred million rupees.
Angel funds can accept investment from maximum 200 investors,
Minimum investment amount in angel funds is Rs. 25 lakhs & The maximum amount of investment cannot exceed Rs. 5 Crores.
Lock in the period required for Angel investors is one year.

Angel funds can make investments only in investee companies that:
Are incorporated in India and should not be more than 3 years old.
Have a turnover not exceeding Rs. 25 crore.
Are unlisted.
Has no family connection with the investors who are going to invest in the company.

Regulation of Angel Funds
In India, Angel Funds are defined under SEBI (Alternative Investment Funds) (Amendment) Regulations, 2013.
Under this regulation, the Angel fund is defined as a sub-category of Venture Capital Fund under Category I- Alternative Investment Fund (AIF) that raises funds from angel investors.

Angel Investors
Angel investors are experienced and well-established investors who have an insight of the industry.
These angel investors can be individuals or companies with high net worth.
Angel investors provide the much-needed support in the initial stages of the business.

Disclose

We are Registered with AMFI
Date of Initial Registration: 22-Nov-2003
AMFI Registration Number: 15805
Current Validity of ARN: 27-Sep-2025