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Seva Nivesh

Social Impact Fund

Scale Your Philanthropy Through a Professionally Managed Impact Fund

Pool your philanthropic funds with like-minded donors and support curated, verified, and impact-linked social opportunities through a professionally managed structure.

The Challenge

Private philanthropy in India is growing, but donors often face structural barriers that make giving less effective

  • Limited access to verified nonprofit opportunities
  • Trust deficit due to unclear impact reporting
  • Need for stronger governance and due diligence
  • Limited awareness of social finance instruments such as ZCZP, outcome-
    based financing, and social impact bonds

Bridging the gaps is the key to unlocking India’s next wave of strategic philanthropy

About SDG Diversified Fund Series 1

Fund Type – SEBI Registered Category 1 AIF

Fund Size – ₹20 crore

  • Emerging sectors

  • Scalable projects

  • Worthy but underfunded organisations

Current Status – Open for Investment

Investment is Ideal if

You want to channelise philanthropic funds into carefully curated social impact opportunities

You want your giving to be managed through a structured financial tool.

You want to support credible, high-potential social sector organisations.

You want periodic reporting on fund deployment, outcomes, and impact.

Set up and Governance

SEBI-regulated Category I Alternative Investment Fund structure

Professionally managed by Seva Tarang Foundation

Governed by an independent and expert Advisory Board and Investment Committee

Regular compliance, reporting, and impact disclosures

Governance

Advisory Board

Investment Committee

Ready to invest?

Write to our team to understand the fund structure, minimums, and how the SIF fits your philanthropic goals.

Glossary

Alternative Investment Fund

Alternative Investment Fund – a SEBI-regulated private pooled investment vehicle that collects funds from sophisticated investors for investing in accordance with a defined investment policy.

AIF subcategory that invests in sectors with positive social spillovers – including social impact funds, SME funds, and infrastructure funds – attracting specific SEBI incentives

Zero Coupon Zero Principal –
instruments issued by NPOs on the SSE. Investors receive no financial return; all returns are social outcomes, reported and audited annually

An independent audit of the social outcomes generated by an NPO – required before investment and annually thereafter.

A financing structure where
payments to an NPO are tied to the achievement of pre-agreed social outcomes, ensuring accountability.

A contract where an investor funds a social programme; government or a donor repays if agreed social outcomes are achieved.

The total pool of capital committed to the fund by all investors – deployed over time into qualifying social impact opportunities

Frequently Asked Questions

What is a SEBI-regulated Alternative Investment Fund (AIF) Category I?

A SEBI-regulated Alternative Investment Fund (AIF) Category I is a close-ended investment vehicle that channels capital into sectors or activities considered socially or economically desirable by regulators and is subject to SEBI’s AIF regulations and investor-protection requirements.

The minimum investment differs for different funds. Pls contact us for more details.

This is an impact-only fund with no financial returns. Investors should expect a portfolio where social returns are demonstrated as impact created. Risk factors include operational execution by investees, measurement/verificat on of outcomes, regulatory changes, and liquidity constraints inherent in AIFCategory I instruments.

Seva Nivesh manages risk through due diligence, diversified allocation across instruments and sectors, active portfolio support, and third-party outcome verification.

The fund uses a Results Framework for each intervention with clear, time-bound indicators, baselines, and target milestones aligned to recognised standards.

Investors receive regular reporting and impact dashboards with verified outcome progress, and an annual audited impact and financial report.

As a SEBI-registered AIF Category I, the fund adheres to SEBI AIF regulations on governance, disclosures, and investor eligibility.

Governance safeguards include independent trustees/board oversight, conflict-of-interest policies, transparent fee structures, and third-party audits of financials and impact verification.

Name of the AIF: Social Investment Trust (Category I Social Impact Fund)

SEBI Registration Number : IN/AIF1/26-27/2252

Name of the Fund Manager : Socap Investment Managers Pvt. Ltd.

SCORES ID: aifn00914

Compliance officer : Aruna Tandale | aruna@sevatarang.org

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