Boost for AIF biz at Gift city as top fund administrator gets license

With OPS setting up shop in Gift city, other AIFs are also firming up plans; Five have already applied for the licence, a few more are in the pipeline

The Alternative Investment Fund (AIF) business in India is set to get a big push with the country’s biggest fund administrator, OPS Fund Services, getting the license to operate in this space. With OPS setting up shop in Gift city, various AIFs are also firming up plans. These funds, be they private equity firms, venture funds, hedge funds or other funds, need some administration services provider who does all other work. Five funds have already applied and a few more are in the pipeline for getting a license to operate in Gift city.

OPS Fund Services, a subsidiary of OPS