 "FPI Flows")
A high-level panel set up by the finance ministry to look into issues being faced by venture capital (VC) and private equity (PE) investors is examining the feasibility of introducing a “broad-based” rule for alternative investment funds (AIFs), which include PE and VC funds. Currently, AIFs do not have any broad-based regulation, requiring a large number of investor representations.
PE and VC funds, which typically invest in start-ups or unlisted securities, hold money for a small group of investors or even a single investor.
The six-member panel — chaired by former Sebi Chairman M Damodaran — is learnt to have
