Vistaar Religare Film Fund aims to raise 200 million rupees ($50 million) from Indian investors to back projects from India and abroad.

It will be structured as a closed-end venture capital fund with a five-year lock-in period. VRFF is in the process of registering with the Securities and Exchange Board of India.

Religare (formerly known as Fortis Securities) is a leading financial services group backed by the Ranbaxy Laboratories group. Headed by former American Express marketing exec Sheetal Talwar, Vistaar is the holding company of the Friday Fund and WSG Pictures. Duo produced “Dharm,” a drama in which a Brahmin priest is challenged by his Hindu faithful, helmed by Talwar’s wife Bhavna Talwar.

Tokyo-based financier Peter Anshin is among the fund’s co-promoters.