A significant amount of funds has been raised by JM Financial Asset Management. The total amount secured is ₹700 crore. This funding is for a pre-IPO fund that will invest in businesses likely to go public soon.

The fund's target is ₹1,500 crore, with a possible additional ₹1,000 crore. Investors include ultra-high-net-worth individuals and institutional investors.

Further details about the fund and its investment strategy are available. The fund will look for businesses with strong growth prospects and scalable models.