What is Infrastructure Debt Fund

IDF is an emerging investment vehicle which as per regulations can be created in the form of Mutual Fund or NBFC to invest in the infrastructure sector
IDF in Mutual Fund (IDF – MF) format is regulated by SEBI (Mutual Funds) Regulations, 1996, whereas IDF in NBFC format is governed by Reserve Bank of India (RBI).
Investors invest in Rupee denominated units of scheme of an IDF-MF
The Asset Management Company (AMC) of the fund manages the funds of the various IDF schemes.
It Provides an opportunity to long term investment by FIIs, Pensions Funds, Insurance Cos, Sovereign Wealth Funds and other investors

Structure	Mutual Fund with focus on long term Infrastructure Debt Close-ended Dividend & Growth Option
Capital	100% financed through issuance of rupee-denominated units
Maturity	Minimum tenor of 5 years with option of structuring for longer tenors Interval scheme with a lock-in period of 5 years for investors
Investments	Infrastructure sector at any lifecycle stage of the project (greenfield/brownfield) with investments of 90%-debt securities / securitized debt instruments of a) infra companies b) SPVs, and/or c) Projects of infra sectors Up to 10%-Equity/money market instruments/bank deposits
Investor	Minimum investment of Rs. 1 Cr with Face Value of Rs. 10 Lakh/unit Minimum 5 investors with none of the single investor to hold more than 50% of net assets of the scheme
Credit Rating of Eligible Asset	Atleast 70% investment in Investment Grade rated, i.e., BBB- and above
Regulator	Securities Exchange Board of India (SEBI)