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IFSC eases capital norms for AIFs, exempts need for sponsors' commitment

Also allows such funds to invest in units of domestic MFs as well as those of other FATF-compliant jurisdictions

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IFSC | GIFT IFSC

Ashley Coutinho  |  Mumbai 

GIFT CITY

The International Financial Services Centres Authority (IFSC) has done away with the need for managers or sponsors to have continuing interest in alternative investment funds (AIFs) domiciled in and allowed such funds to invest in units of domestic mutual funds as well as those of other FATF-compliant jurisdictions.

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First Published: Mon, June 28 2021. 18:45 IST
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