Private Credit/Financial services, construction materials, industrials, healthcare
Ascertis Credit Select Short Term Income Fund I logo

Ascertis Credit Select Short Term Income Fund I

Short-duration performing private credit fund research profile

Ascertis Credit Select Short Term Income Fund I is a dedicated shorter-duration performing-credit vehicle launched by Ascertis Credit, formerly BPEA Credit. The manager reported a ₹1,000 crore final close in January 2025, and public company/regulatory records identify Hella Infra Market and Muthoot Fincorp as vehicle-linked borrowers or issuers. It is separated from Ascertis’ broader India Credit Fund series.

At a glance

Founded
2024
Footprint
Mumbai / Delhi
Stage
Short-duration performing private credit; senior secured and bespoke growth capital

Research profile

Read the manager in sequence.

Open a section to inspect the evidence. The first view starts with the investment point of view; the rest stays quiet until you need it.

Investment lens

Ascertis Credit Select Short Term Income Fund I uses a short-duration performing private credit; senior secured and bespoke growth capital approach across Financial services, construction materials, industrials, healthcare.

Current evidence

Hella Infra Market’s February 2026 debt placement identified Ascertis Credit Select Short Term Income Fund I as a subscriber to 15,000 NCDs, while Muthoot Fincorp’s 2026 tranche prospectus identifies the fund as an investor in its March 2025 CCCPS subscription. Ascertis’ current 2026 event update confirms continued India-focused performing-credit activity.

Strategy

Short-duration performing private credit; senior secured and bespoke growth capital

Sector focus

Financial services, construction materials, industrials, healthcare

AIF structure context

Indian private credit, venture-debt and special-situations funds are commonly structured as Category II AIFs. Verify the specific vehicle and registration before investing.

Current signal

Hella Infra Market’s February 2026 debt placement identified Ascertis Credit Select Short Term Income Fund I as a subscriber to 15,000 NCDs, while Muthoot Fincorp’s 2026 tranche prospectus identifies the fund as an investor in its March 2025 CCCPS subscription. Ascertis’ current 2026 event update confirms continued India-focused performing-credit activity.

Investor questions

Ascertis Credit Select Short Term Income Fund I research questions

What is Ascertis Credit Select Short Term Income Fund I's investment strategy?

Ascertis Credit Select Short Term Income Fund I is covered in Rupeia's private credit research universe. The current public record describes the strategy as Short-duration performing private credit; senior secured and bespoke growth capital, with a sector focus of Financial services, construction materials, industrials, healthcare. The profile should be read with the linked source trail and Typical route: Category II AIF context.

What portfolio evidence is available for Ascertis Credit Select Short Term Income Fund I?

The profile displays only company or asset names attributable to Ascertis Credit Select Short Term Income Fund I in the reviewed public sources: Hella Infra Market; Muthoot Fincorp. It does not represent a complete current portfolio unless the manager has published one.

What is known about Ascertis Credit Select Short Term Income Fund I's performance or track record?

Muthoot Fincorp’s 2025–2026 public offer documents identify Ascertis Credit Select Short Term Income Fund I as an investor in the company’s CCCPS issuance. Hella Infra Market’s February 2026 debt-placement disclosures identify the fund as a subscriber to 15,000 NCDs in a multi-tranche refinancing. Fund-level audited performance is not publicly disclosed. These signals are not a substitute for fund- and vintage-specific net performance, realised distributions and audited or administrator-supported reporting.

What are Ascertis Credit Select Short Term Income Fund I's fund size, fees and minimum investment?

Public fund size: Approximately ₹1,000 crore final close announced January 2025, exceeding the initial ₹750 crore target; the manager’s exact final commitment schedule is not publicly disclosed.. Public terms or access information: Shorter-term performing private credit; bespoke credit solutions for established high-growth companies; regular income distribution and capital-preservation orientation. Vehicle tenor, fees, carry, hurdle, concentration, recycling and security terms are not publicly disclosed.. Current fees, minimum commitment and availability must be confirmed for the exact named vehicle in its fund documents.

Who is on Ascertis Credit Select Short Term Income Fund I's investment team?

The current source record names Kanchan Jain (Head of Ascertis Credit Group); Sandeep Adukia (Senior Managing Partner); Anupam Goenka (Managing Partner); Kaushal Ganeriwal (Managing Partner); Ashish Agarwal (Director); Sameer Mehta (Director). Verify current roles, departures, attribution and key-person provisions before relying on the team history for a new commitment.

What risks should be reviewed before investing with Ascertis Credit Select Short Term Income Fund I?

Review borrower concentration, security and seniority, cash versus accrued income, defaults, recoveries, fund leverage and liquidity. The current open diligence point is: The fund does not publish a complete borrower schedule, audited vehicle-level net IRR/DPI/TVPI, fees, carry, hurdle, remaining capacity or full security package. Hella Infra Market and Muthoot Fincorp are retained only because public company/regulatory documents identify the fund by name; broader Ascertis platform investments are not substituted for this vehicle..

What is the latest public update on Ascertis Credit Select Short Term Income Fund I?

2026-03-10: Hella Infra Market’s February 2026 debt placement identified Ascertis Credit Select Short Term Income Fund I as a subscriber to 15,000 NCDs, while Muthoot Fincorp’s 2026 tranche prospectus identifies the fund as an investor in its March 2025 CCCPS subscription. Ascertis’ current 2026 event update confirms continued India-focused performing-credit activity.

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