Nippon India Credit Opportunities AIF Scheme 2 (NICO 2)
Nippon India Alternative Investments
Fund profile
About the Fund
Nippon India Credit Opportunities AIF Scheme 2 (NICO 2) aims to generate meaningful risk-adjusted returns over traditional fixed-income investment options by investing in credit opportunities across sectors. The fund focuses on businesses with established promoter track records, proven business models, financial flexibility and visible cash flows. At full deployment, it envisages a diversified portfolio of approximately 10–15 issuers, with an average holding period of 3–3.5 years. The fund targets a gross annualised yield range of 13%–16% and aims to facilitate periodic cash distributions. Its investment approach may include structured credit opportunities supported by security arrangements and defined repayment mechanisms. The target fund size is ₹1,000 crore, with an additional ₹1,000 crore green-shoe option, and the tenure is 5.5 years from the first close, extendable by two years. Returns and distributions are not guaranteed, and the fund does not provide capital protection.
Source: Supplied NICO 2 fund summary and investment factsheet.
Key metrics
Target fund size
₹1,000 Cr + ₹1,000 Cr green-shoe
Minimum investment
₹1 Cr
Portfolio at full deployment
Approximately 10–15 issuers
Target gross yield
13%–16% p.a. (not guaranteed)
Average holding period
3–3.5 years
Tenure
5 yrs 6 mo
Source-verified detail
Key Information
Fund manager
Ashish Jalan
Investment manager
Nippon India Alternative Investments
SEBI category
Category 2
Strategy
Private Credit
Portfolio approach
Sector agnostic
Management fee
1.75%
Tenure extension
Up to 2 years
Initial drawdown
40% of capital commitment
Status
Active
Data as of
30 Jun 2026
Source: NICO 2 investment factsheet and Nippon India Alternative Investments official private-credit page · Data as of 30 June 2026.
Disclosed figures
Fund Security Structure
Fund Security Structure
- Secured98%
- Unsecured2%
Secured 98%; unsecured 2%, based on current outstanding book cost of investments as of 30 June 2026. Past performance is not an indicator of future performance. NICO 1 sector IRRs and track record are not NICO 2 returns.
Nippon India Alternative Investments
About the Fund Manager
Ashish Jalan
Co-Fund Manager – Credit Investments, Nippon India Alternative Investments
Mr. Ashish Jalan is a fixed-income investment professional with over 17 years of experience across asset management, banking and credit rating agencies. Previously associated with Nippon India Mutual Fund’s fixed-income investment team, DBS Bank India, ICRA and Global Analytics, his experience spans credit analysis, fixed-income investments and assessment of credit opportunities. He is a Chartered Accountant and holds a PGDM in Finance from SPJIMR, Mumbai. As Co-Fund Manager for Credit Investments at Nippon India Alternative Investments, he brings his experience in credit evaluation and fixed-income markets to the fund management process.
- Experience
- Over 17 years
- Education
- CA; PGDM Finance
- Previously
- Nippon India MF
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