Getfive Opportunity Fund I: Category I SME AIF Strategy, Terms and Risks
Last updated: 13 October 2026
Quick answer: Getfive Opportunity Fund I is a closed-ended Category I AIF, registered as an SME venture capital fund, managed by Getfive Assets Advisors with Shrikant Goyal as fund manager. It backs promoter-led small and medium enterprises in Tier II and Tier III industrial clusters, needs a ₹1 crore minimum commitment, runs for 5 years (extendable by up to 2), and lists a 2.00% management fee plus 20% above a 12% hurdle.
Last updated: 13 October 2026 Quick answer: Getfive Opportunity Fund I is a closed-ended Category I AIF, registered as an SME venture capital fund, managed by Getfive Assets Advisors with Shrikant Goyal as fund manager. It backs promoter-led small and medium enterprises in Tier II and Tier III industrial clusters, needs a ₹1 crore minimum commitment, runs for 5 years (extendable by up to 2), and lists a 2.00% management fee plus 20% above a 12% hurdle. Key takeaways Strategy: promoter-led SMEs in clusters such as Surat, Rajkot, Coimbatore and Ludhiana, screened through a three-pillar "V3" framework of governance, financial quality and industry tailwinds. Size and term: ₹50 crore target plus a ₹50 crore greenshoe; 5-year tenure, extendable by up to 2 years, with no early redemption. Minimum: ₹1 crore commitment, with 25% drawn initially and the balance called as needed. Fees: Class A lists up to 2.00% a year on commitment plus a 20% performance fee above a 12% hurdle; fees on committed capital weigh more in the early years. Main risks: SME governance, thin SME-exchange liquidity, concentration in a small portfolio and model-based valuations of unlisted holdings. India's small and medium enterprises are often built far from the big metros, in industrial clusters such as Surat, Rajkot, Coimbatore or Ludhiana. Getfive Opportunity Fund I is a SEBI-registered Category I Alternative Investment Fund, structured as an SME fund, that aims to back disciplined, promoter-led businesses in exactly these Tier II and Tier III markets. This guide explains what the fund invests in, how the manager selects companies, the commercial terms listed in the August 2026 AIF guide, and the risks an eligible investor should weigh before committing capital to an SME-focused venture fund. Getfive Opportunity Fund I at a glance Category Category I AIF (Venture Capital Fund, SME Fund) Investment manager Getfive Assets Advisors Pvt Ltd Fund manager Shrikant Goyal Structure Closed-ended Fund tenure 5 years, extendable by up to 2 years Minimum commitment ₹1 crore Initial drawdown 25% of commitment Balance commitment Called on an as-needed basis by the manager Target fund size ₹50 crore + ₹50 crore greenshoe Sponsor contribution 2.5% of corpus or ₹5 crore, whichever is lower Tentative final closure 5 years from registration (21 April 2030) Fund terms above are as compiled in the August 2026 AIF guide from manager disclosures. Terms can change between closings; the Private Placement Memorandum (PPM) is the binding source. About Getfive and its fund manager Getfive operates in the SME ecosystem, with a separate SME IPO advisory practice alongside its fund business. Co-founder and fund manager Shrikant Goyal has described building his investment conviction through field research across Indian industrial clusters and factory floors, studying how capable entrepreneurs build sizeable enterprises away from mainstream investor attention. In public commentary, he has said governance quality has proved a stronger predictor of outcomes than headline growth. Getfive has spoken publicly about a second fund building on the same thesis. Investors should be clear which vehicle they are being offered, because Fund I and any successor fund will have separate portfolios, terms and timelines. Investment strategy: the V3 framework Getfive describes a three-pillar evaluation it calls the V3 framework: Promoter vision and governance: the integrity, capital-allocation record and succession depth of the founding family or management. Financial quality and unit economics: margins, working-capital discipline, cash conversion and balance-sheet strength. Industry tailwinds: structural demand drivers such as manufacturing growth, infrastructure build-out and digital adoption in the company's region and sector. The manager's stated view is that a business has real long-term potential only when all three pillars reinforce one another. Target geographies cited publicly include Indore, Coimbatore, Surat, Rajkot, Ludhiana, Jaipur and Nashik. Because the fund is an SME fund, some investee companies may be unlisted while others may be on, or heading to, an SME exchange platform. Key terms of Getfive Opportunity Fund I Category I SME AIF: closed-ended, 5-year tenure extendable by 2, ₹1 crore minimum, ₹50 crore target plus greenshoe, 2% management fee and 20% performance fee over a 12% hurdle Getfive Opportunity Fund I key terms (August 2026 AIF guide) How a Category I AIF works Category I AIFs are funds that SEBI views as having positive spillover effects for the economy: venture capital funds (including angel funds), SME funds, social impact funds and infrastructure funds. They are closed-ended, cannot use leverage except for limited temporary needs permitted by regulation, and generally enjoy pass-through tax treatment for income other than business income, meaning investors are taxed on their share of income rather than the fund. For a deeper primer, read our Category I AIF guide (/insights/category-i-aif-guide) . SEBI generally requires a minimum investment of ₹1 crore per investor in an AIF (with lower thresholds for specific cases such as angel funds and accredited investors), and every scheme is offered only through private placement on the basis of its PPM. You can check any AIF's registration on SEBI's list of registered AIFs (https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=16) . For a full overview of the asset class, see our AIF reviews on Money n Wealth (/insights/category/aif) . Fee structure and share classes Class Capital commitment Management fee (p.a.) Performance fee Hurdle A ₹1 crore 2.00% 20.00% 12.00% The guide lists a management fee of up to 2.00% p.a. on capital commitment for Class A, with a 20% performance fee above a 12% hurdle. Note that a fee charged on committed rather than drawn-down capital can weigh more heavily in the early years when only part of the commitment has been invested. When comparing fees, look at the full cost stack: management fee, performance fee and whether it has a catch-up, set-up and operating expenses charged to the scheme, and any exit load. SEBI requires AIFs to offer a direct plan, and distribution commissions in regular plans must be disclosed. Money n Wealth earns distribution commission on regular plans, as set out in our commission disclosure (/legal/commission) . Key risks to understand Liquidity risk: the fund is closed-ended with a 5-year tenure plus possible 2-year extension, and investors cannot redeem early. Exits depend on IPOs, strategic sales or secondary transactions. SME and governance risk: smaller companies have thinner management benches, higher customer concentration and less disclosure than large listed firms. Governance lapses are a central risk even with careful diligence. SME exchange liquidity: shares listed on SME platforms can trade thinly, so a listing does not guarantee an orderly exit at a fair price. Concentration and vintage risk: a ₹50 to 100 crore fund will hold a limited number of companies, so one or two disappointments can materially affect the outcome. Valuation risk: NAVs of unlisted holdings rely on valuation models and may differ from eventual realised values. Who may consider this fund An SME venture fund like Getfive Opportunity Fund I may suit investors who meet SEBI's eligibility rules, already hold a diversified core of listed equity, debt and mutual funds, can lock away ₹1 crore or more for five to seven years, and want exposure to entrepreneur-led businesses that are under-represented in large-cap indices. It is unlikely to suit investors who need liquidity, regular income or predictable outcomes. Questions to ask before you commit How many companies does the fund expect to hold, and what is the maximum exposure to a single company or cluster? What share of the portfolio is unlisted versus SME-exchange listed, and what is the exit plan for each? How does the manager separate its SME IPO advisory business from fund investment decisions, and how are conflicts managed? Is the fee charged on commitment or on invested capital, and is there a catch-up on the performance fee? What does the PPM say about valuation policy, key-person events, investor reporting frequency and the procedure if the tenure is extended? How does this commitment fit your overall asset allocation, liquidity needs and existing PMS (/products/pms) , mutual fund (/products/mutual-funds) and direct equity (/products/equity) holdings? How Money n Wealth can help Money n Wealth helps eligible investors evaluate and access Alternative Investment Funds (/products/aif) and Portfolio Management Services (/products/pms) across managers, so that a decision rests on the documents and on how the product fits your portfolio, not on a pitch. We can walk you through the PPM, compare Getfive Opportunity Fund I with other funds in the same category, explain the drawdown and tax mechanics, and coordinate the onboarding paperwork if you decide to proceed. Next step: book a free portfolio review (/portfolio-review) or talk to our team (/contact) to discuss whether a Category I AIF has a place in your portfolio. You can also start with a financial health check (/financial-health-check) . Frequently asked questions What is Getfive Opportunity Fund I? It is a closed-ended Category I AIF registered as a venture capital fund in the SME sub-category, managed by Getfive Assets Advisors Pvt Ltd with Shrikant Goyal as fund manager. It invests in promoter-led small and medium enterprises, with a focus on Tier II and Tier III cities. What is the minimum investment? The August 2026 AIF guide lists a minimum commitment of ₹1 crore, with an initial drawdown of 25% and the balance called as needed. Confirm current terms in the PPM. How long is my money locked in? The fund tenure is 5 years, extendable by up to 2 years. There is no early redemption, so investors should plan for capital to be committed for up to seven years. How is a Category I SME AIF taxed? Category I AIFs have pass-through status for income other than business income, so gains and income are generally taxed in the hands of investors. Tax outcomes depend on your situation, so consult a tax advisor. How does an SME AIF differ from an SME-focused PMS or mutual fund? An SME AIF can invest in unlisted and pre-IPO companies and hold concentrated positions for years, while mutual funds and most PMS strategies invest mainly in listed securities and offer more liquidity. The trade-off is lower liquidity and higher company-specific risk. Can I invest through Money n Wealth? Money n Wealth can help eligible investors review the PPM, compare SME AIFs and complete the onboarding paperwork. Contact our team to discuss whether it fits your portfolio. What fees does Getfive Opportunity Fund I charge? The August 2026 AIF guide lists, for Class A, a management fee of up to 2.00% a year on capital commitment and a 20% performance fee above a 12% hurdle. Check the PPM for set-up and operating expenses, any catch-up and how the hurdle is calculated. Related reading Rockstud Capital Investment Fund II (/insights/rockstud-capital-investment-fund-ii-aif) Aikyam Stressed Assets Fund I (/insights/aikyam-stressed-assets-fund-i-aif) 35North India Discovery Fund II: Technology-Led Private Capital, Structure and Risks (/insights/35north-india-discovery-fund-ii-aif) IITM Unicorn Frontier Fund I: IIT Madras-Backed Category II Deep-Tech AIF (/insights/iitm-unicorn-frontier-fund-i-aif) Category I AIF: Investing in India's Next Generation of Businesses and Infrastructure (/insights/category-i-aif-guide) All AIF reviews on Money n Wealth (/insights/category/aif) AIF investing with Money n Wealth (/products/aif) More Insights on PMS, AIFs and wealth management (/insights) Sources and official references Getfive Funds: Getfive Opportunity Fund I (https://getfivefunds.com/getfive-opportunity-fund-i/) Getfive: AIF Cat-I SME (https://getfive.in/aif-cat-i-sme/) Republic World: interview with Getfive's Shrikant Goyal (August 2026) (https://www.republicworld.com/initiatives/disciplined-promoter-led-businessescan-create-substantial-long-term-value-getfives-shrikant-goyal-2026-08-10-134449) SEBI: registered Alternative Investment Funds (https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=16) Securities and Exchange Board of India (SEBI) (https://www.sebi.gov.in/) Disclaimer This article is for information and educational purposes only. It is not investment, tax or legal advice, and it is not an offer, solicitation or recommendation to invest in Getfive Opportunity Fund I or any other security. Units of Alternative Investment Funds are offered only by private placement to eligible investors under the scheme's Private Placement Memorandum. AIFs are not guaranteed or assured-return products; they carry market, credit, liquidity, valuation, concentration and manager risk, and investors can lose part or all of their capital. Past performance of the manager or any of its earlier funds does not indicate future results. Fund details are taken from manager disclosures and public sources believed to be reliable as of the date of writing and may change. Please read the PPM and all scheme documents carefully, and consult your own financial and tax advisors before investing. Money n Wealth is a brand of Predics Fintech Services Pvt Ltd, an AMFI-registered mutual fund distributor (ARN-121995) and APMI-registered PMS distributor (APRN-07444), and may earn distribution commission on investments made through it. Money n Wealth is a distributor, not a SEBI-registered investment adviser, and this is not an investment advisory service.