Arthveda Fund Management Pvt. Ltd. (ArthVeda) has signed a Memorandum of Understanding (MOU) with CARE Ratings to rate some of the projects that the ArthVeda Fund Management invests in the Tier II/III cities across India.
“ArthVeda decided to go in for this rating exercise as it is confident about the investments of its fund. We want to tell our investors that their investments are in safe hands and to reinforce this fact we decided to rope in a neutral agency to rate some of our investee projects. This Rating is not meant as pre-transaction advice to the AMC. It would provide additional transparency to the Fund. We believe that this credible, objective, and independent rating will increase investor confidence in funds that we plan to launch,” said Mr. Bikram Sen, CEO of ArthVeda also stating that “ArthVeda is extremely pleased with this outcome and looking forward to a meaningful association with CARE.”
Further, elaborating on the reasons of this partnership, Mr. Sen said that, “this will also be beneficial for our development partners as they will be able to streamline their projects more competently and consequently eliminate maximum possible risks. On the other hand our fund managers will also be able to monitor our investments efficiently thereby increasing profits for our investors.
CARE Ratings is absolutely delighted to partner with ArthVeda.. “We are happy to see this kind of drive on part of ArthVeda to bring in transparency in fund investment and management process. We will work closely with ArthVeda fund managers in this exercise,’’ says Mr. Rajesh Mokashi DMD of CARE Ratings.
As part of the MOU, CARE would also provide research reports on some of the cities that its fund would invest in. The reports will analyze the fundamentals underlining the economies of these cities and help ArthVeda fund managers to take informed decisions.