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JM Financial Asset Management has launched its second credit-focused alternative investment fund, JM Financial Select Credit Fund II (SCF II), according to Entrackr media reports.
The Category II AIF has a base corpus of INR 1,000 crore along with a greenshoe option of an additional INR 1,000 crore. The new fund marks a further expansion of the firm’s alternative investment platform, as it continues to grow its presence in private credit.
SCF II will focus on investing in performing credit opportunities across various sectors. The strategy targets companies with stable cash flows, sound business fundamentals and established promoter track records.
Through this approach, the fund aims to provide structured credit solutions to high-quality businesses while seeking risk-adjusted returns for investors. The investment strategy will be led by Amit Dharod, Managing Director for Alternative Assets at JM Financial Asset Management. Dharod joined the firm last year and has over 25 years of experience across institutions such as ICICI Bank, GE Capital and the Royal Bank of Scotland.
The fund is also expected to benefit from JM Financial Group’s broader ecosystem, which includes investment banking, capital markets and credit platforms. This integrated structure is intended to support deal sourcing and improve origination capabilities.
Meanwhile, industry data from the Securities and Exchange Board of India indicates that the AIF sector continues to grow with total commitments reaching INR 15.74 lakh crore as of December 2025.
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