RDI Fund: What 19 Fund Managers Mean for Deeptech
The RDI Fund has approved 19 second-level fund managers with a total commitment of ₹7,131 Cr. The fund managers will channel capital to eligible technology enterprises conducting research, development and innovation activities at Technology Readiness Level 4 and above.
What the RDI Fund changed
The Empowered Group of Secretaries approved 14 alternative investment funds and five focused research organisations earlier this month, according to the source. The RDI Scheme was launched in November 2025 with an overall outlay of ₹1 Lakh Cr.
The fund managers are expected to mobilise private capital equivalent to the RDI Fund’s contribution.
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Foreign nationals and companies may participate in Indian companies as directors and shareholders, subject to FDI rules and a resident-director requirement. FEMA/RBI reporting and ordinary corporate compliance also apply.
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The source also does not name the 19 approved fund managers or identify the five additional technologies added to the scheme’s coverage.
Additional technologies under the scheme
The Empowered Group of Secretaries approved five additional technologies for coverage under the RDI Fund. The government did not specify these technologies in its announcement.
The government said it would continue inviting applications and onboarding additional cohorts of fund managers.
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