WATCH: Indian infra offers superior returns

Edelweiss Financial Services' Nitin Jain talks about the challenges of investing in Indian infrastructure, including fragmentation, a need for strong oversight and the newness of the asset class.

Nitin Jain, chief executive of global wealth and asset management at India’s Edelweiss Financial Services, talks about India-focused infrastructure funds and why they are attractive to domestic investors as well as the challenges that lay ahead for for those  investing in the country’s sector.

Indian financial group Edelweiss, with around $15 billion in assets under management, has been investing in distressed assets and special situation credits as a core business.

Last December, the firm decided to launch its first infrastructure fund with a target size ranging from $750 million to $1 billion for buy-out investments in operating infrastructure assets, including roads, transmission and renewable assets.

The fund is on track to slightly exceed expectations of a $250 million first close by quarter-end, Jain told Infrastructure Investor during an interview.