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Cosmos Group, a diversified business conglomerates, on Tuesday, lunched its maiden Alternative Investment Fund (AIF). The fund aims to raise Rs 500 crore, with an additional green shoe option of Rs 250 crore. Led by the partnership of Cosmos Group and Mayank Singhvi as its CEO, the fund will prioritise investments in the SME sector, aligning with the group’s vision to foster growth and innovation within this vital segment of the economy, the company said in a statement.