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AIFs find sweet spot in private credit with change in taxation of debt MFs

Unfulfilled credit demand in riskier segments, lack of high-yielding options create opportunities

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Abhishek Kumar Mumbai

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The private credit alternative investment fund (AIF) space is witnessing heightened action this financial year (2023-24), with the change in taxation of debt mutual funds (MFs) and market-linked debentures in Budget 2023 providing a strong impetus.

While existing players are targeting growth with newer offerings, some big names in the asset and wealth management space are entering the AIF arena.

Franklin Templeton Asset Management Company (AMC), which was one of the top players in the MF credit space until 2020, is now re-entering the market through AIFs.

US-based private equity behemoth Blackstone-backed ASK Private Wealth made its entry into the

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First Published: Aug 21 2023 | 6:10 AM IST

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