This firm launched the funds for the small and medium enterprises (SMEs) and affordable housing sectors.

This firm launched the funds for the small and medium enterprises (SME

1.	This firm launched the funds for the small and medium enterprises (SMEs) and affordable housing sectors.
Answer» SBICAP Ventures (SVL), an alternative asset manager and a wholly owned subsidiary of SBI Capital Markets, has launched two funds for the small and medium enterprises (SMEs) and affordable housing sectors. The SME fund is expecting to raise a corpus of Rs 400 crore, while the affordable housing fund would look at raising Rs 350 crore. Before this, SBICAP Ventures had launched a fund named Neev Fund in 2015 with a focus on the low-income states for small infrastructure projects.