SBI Capital set to launch Rs 100 crore SME fund

Posted on: 10/10/2010

SBI Capital Markets Ltd, the investment advisory arm of State Bank of India, is planning to float a dedicated small and medium enterprises (SME) fund with an initial corpus of Rs 100 crore in the next one and half years.

“The SME fund will be used to rope in private equity investment in SME, which otherwise is facing dearth of capital for furthering its business growth,” Rajeev Krishnan, executive vice president, SBI Capital Markets said on the sidelines of a seminar on SME here.

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