India Infoline Limited (IIFL) has received approval from the Securities and Exchange Board of India (Sebi) for launching its Alternative Investment Funds (AIFs).
The funds that are lined up for the launch are - IIFL Venture Fund (Category I– Venture Capital Fund), IIFL Private Equity Fund (Category II) and IIFL Opportunities Fund (Category III).
The funds are expected to hit the market in 4-5 weeks time.
R Venkataraman, Managing Director, IIFL says, “This newly opened up sector of pooled investment vehicles through AIFs will provide enormous opportunities for providing fund management and advisory services to the growing HNI’s and corporate segment.”
