HDFC India Small Cap Fund is a private investment fund based in Sez, Gift City, Gandhinagar, India. According to its most recent Form D, filed Sep 11, 2026, it has sold $300,055 of interests to 2 investors since its first sale in Aug 2025. The minimum investment it accepts from an outside investor is $150,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include Bhavin Shah; Shyamak Tata; Vijay Karnani.
- Total raised
- $300,055Cumulative sales reported on Form D
- Investors
- 2
- First sale
- Aug 19, 2025
- Minimum investment
- $150,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Bhavin Shah; Shyamak Tata; Vijay Karnani
- Latest Form D
- Sep 11, 2026
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about HDFC India Small Cap Fund
What is the minimum investment for HDFC India Small Cap Fund?
According to its latest Form D, filed Sep 11, 2026, the minimum investment HDFC India Small Cap Fund accepts from an outside investor is $150,000.
Who can invest in HDFC India Small Cap Fund?
HDFC India Small Cap Fund is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has HDFC India Small Cap Fund raised?
HDFC India Small Cap Fund reports $300,055 sold from 2 investors on its Form D filed Sep 11, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is HDFC India Small Cap Fund based?
HDFC India Small Cap Fund is based in Sez, Gift City, Gandhinagar, India.
When did HDFC India Small Cap Fund launch?
HDFC India Small Cap Fund reports its first sale in Aug 2025, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every private investment fund
Raised more than 33% of the 57 private investment funds based in India, and more than 6% of all 10,263 that report sales.