About Us


Arthveda Fund Management Pvt. Ltd. (AVFM or Arthveda) was established in 2005 and was earlier known as DHFL Venture Capital India Pvt. Ltd.(DHFLVC). DHFLVC has been renamed as Arthveda. Arthveda is subsidary of Wadhawan Global Capital Limited.

Guiding Principle – Value Investing

Value investing was pioneered by Ben Graham, the investment guru of Warren Buffet and is based on three basic principles of Search strategy, Valuation strategy and Discipline & patience. Value Investing is normally applied and well understood in stock market and equity investing. The basic mantra of Value Investing is that a discount in intrinsic value gives you “margin-of-safety”. 

The low risk is there because of the margin-of-safety and high returns are automatic as one pays a low price and therefore in contrast to the well-known principle of finance, “high return and high risk,” this gives “high returns with low risk.”

Arthveda’s investing philosophy is based on “Value Investing” in real estate. Most likely this is one of the first opportunistic real estate funds in the world to be based on Value Investing.

KEY INFORMATION ABOUT ARTHVEDA STAR FUND (A Venture Capital Fund)  AS OF 31 March 2019 

Name of the Trustee of STAR FUND Vistra ITCL(India)   Ltd
Name of the Investment Manager of STAR FUND Arthveda Fund Management Pvt Ltd
Name of Statutory Auditor of STAR  FUND Chaturvedi & Shah
Name of Internal Auditor of STAR FUND Saraf Gurkar & Associates
Name of Registrar & Transfer Agent of STAR Fund   CAMS
Name of the Bankers of STAR Fund HDFC Bank Ltd
Registration Number and date of SEBI of Arthveda Affordable Housing Trust,  of which ASHA FUND is a scheme IN/VCF/11-12/0225 dated 9th November 2011.
PAN Number of STAR FUND AADTA3582G
Initial closing 8th Aug 2012
Final closing 30 April 2015
Commitment Period as per PPM 6 months from date of final closing viz 31 Oct 2015
End of term of fund**(including the two options of 1 year each ,  if so decided by Investment Manager) 31 Oct 2020
Hurdle rate as per PPM  and Contribution Agreement 12% pre tax p.a
Carried interest 20% with catch up
Management Fees 2% p.a., charged quarterly in advance
Entry load Upto 2% of contributons for less than 1 crore and 1% for contributions 1 crore and above
Term of the fund from end of commitment period 3 (+1+1) years
Contact information -  Address HDIL towers , Ground Floor, Anant Kanekar Marg, Bandra East Mumbai 400 051
Contact information -   Email Investor.relations@arthveda.co.in
Contact information- Phone 022-26583200

Note: The tenure of STAR FUND  has exercised one of options(as provided in the PPM page 10 section II) and has extended by one year till 31 October 2019,  in view of the delay from exit in realestate projects SPV.

CATEGORY OF INVESTORS AND FUNDS RAISED  As of 31 March 2019  of STAR FUND

CATEGORY % OF TOTAL INVESTORS % TO TOTAL CUMULATIVE FUNDS RAISED BY SCHEME/FUNDS
Individuals 92.50 47.32

Corporate / Institutions / Others

7.50 52.68
Total 100.00 100.00