New Delhi, July 29 (IANS): The government's Electronics Development Fund (EDF) has helped channel investments worth Rs 1,335.77 crore into 128 startups and companies engaged in Electronics System Design and Manufacturing (ESDM) and Information Technology (IT), according to an official statement on Wednesday. The Electronics Development Fund -- set up by the Ministry of Electronics and Information Technology (MeitY) as a Fund of Funds -- has invested Rs 257.77 crore in eight SEBI-registered venture capital funds, known as 'daughter funds', as of June 30. These Daughter Funds have, in turn, invested Rs 1,335.77 crore in 128 startups and companies to support innovation, indigenous technology development and intellectual property (IP) creation in the electronics and IT sectors. The startups backed by the fund have also created or acquired 373 intellectual properties, reflecting the programme's focus on innovation and technology development. The fund manager regularly monitors the performance of the Daughter Funds, which in turn assess the operational efficiency, market growth and technology development of the companies they have invested in.