Page 4 - Aif

Circumventions of rules industry-wide problem in AIFs: Sebi member Narayan

Narayan stressed that the capital markets regulator wants to learn from the industry and work in close collaboration with it to frame the rules going ahead

Motilal Oswal secures Rs 1,250 cr in first close for AIF real estate fund

Motilal Oswal Alternates (MO Alts), the alternative investments arm of Motilal Oswal Financial Services, on Wednesday said it has successfully closed the first tranche of its sixth real estate fund, India Realty Excellence Fund VI (IREF VI) and has secured commitments of approximately Rs 1,250 crore in this first close. The company said it is a significant milestone for MO Alts, achieving the largest and fastest first close for any of their real estate funds to date. The fund will scout for opportunities in real estate in Kolkata and seven other top cities of India including Mumbai, Delhi-NCR, Pune, Bangalore and Chennai. IREF VI strategically focuses on early-stage investments, primarily targeting mid-income/affordable residential projects across India's top eight cities. "This successful fundraising, even amidst a buoyant equity market, underscores the unwavering trust our investors have placed in our capabilities," MO Alts, MD & CEO, Vishal Tulsyan said. MO Alts said it boasts

Alternative investment fund route to obtain 'QIB' status may get tough

QIBs are essentially institutional investors such as mutual funds, foreign portfolio investors (FPIs) and AIFs. They have separate quotas in initial public offerings (IPOs) and offer for sales (OFS)

Sebi bars Shares Bazaar Alternative Investment Fund from raising funds

SBPL, without registration, even offered advisory services and portfolio management services with assured returns in the range of 18 to 48 per cent, it was alleged

Piramal Enterprises posts Rs 2,378 crore loss on AIF provisions in Q3

Capital adequacy remains strong despite 4% AIF impact; Slows down on unsecured consumer loan book

Piramal Enterprises Q3 results: Consolidated net loss stood at Rs 2,378 cr

During the quarter, the group made a regulatory provision of Rs 3,540 crore with regard to its investments in AIFs as per the Reserve Bank of India's (RBI) mandate

ICICI Bank's profitability solid despite AIF provisioning, margin pressure

Ratings agency S&P said that the bank's better customer profile and underwriting compared to many Indian banking peers should also limit losses

Sebi may allow AIFs to 'exclude' investors from certain investments

Proposal will help address concerns about evergreening of loans

Sebi mulling exemptions in AIF norms, may allow pledging of infra assets

Sebi has been consulting with the Reserve Bank of India (RBI) too, he added, to discuss the potential 'financial stability ramifications'

Sebi mulls liquidation flexibility for AIF, VCFs to deal with beyond tenure

Capital markets regulator Sebi on Monday proposed to provide flexibility to Alternative Investment Funds (AIFs), Venture Capital Funds (VCFs) and their investors to deal with unliquidated investments of their schemes beyond expiry of tenure. In its consultation paper, the regulator suggested that instead of launching a new liquidation scheme by AIFs, the same scheme itself can be allowed to continue with the unliquidated investments beyond their tenure for a certain period or dissolution period for fully liquidating their unliquidated investments. Additionally, the regulator proposed extending flexibility of the dissolution process to venture capital funds through migration to the AIF regime. At present, the option to launch liquidation scheme is available only to those schemes of AIFs which are under 'Liquidation Period'-- the period of one year following the expiry of tenure of the scheme for fully liquidating the scheme and not available to VCFs, irrespective of whether their ..

Market regulator Sebi tweaks rule for onboarding investors in AIFs

Capital markets regulator Sebi on Friday tweaked the framework for on-boarding investors by Alternative Investment Funds (AIFs). This came in view of amendments to the Prevention of Money-Laundering (Maintenance of Records) Rules, 2005. The Regulation 10(a) of AIF norms laid down the criteria for on-boarding investors whereby AIFs are allowed to garner funds from any type of investor -- Indian, foreign, or non-resident Indians -- through the issuance of units. However, when on-boarding investors, the AIF manager must ensure that the investor or its beneficial owner is not listed in the sanctions list by the United Nations Security Council, Sebi said in its circular on Friday. Additionally, the investor should not be a resident in a country identified by the Financial Action Task Force (FATF) as having strategic anti-money laundering or combating the financing of terrorism deficiencies, subject to countermeasures, or a jurisdiction making insufficient progress in addressing these ..

Piramal Enterprises to adjust Rs 3,164 cr exposure to AIF in its financials

Move follows RBI directive limiting investments in AIFs to curb evergreening

'Sebi, RBI share concern about some credit funds masking bad loans'

Private credit funds fall under the broad category of AIFs for the purpose of regulations in India

Market regulator Sebi mulls tweaks to help AIFs buy stressed assets

The RBI had communicated to Sebi a list of requirements in the framework including SSFs in its master directions

Vijay Shekhar Sharma launches AIF with target corpus of Rs 30 crore

Paytm Founder and CEO Vijay Shekhar Sharma on Monday announced the launch of VSS Investments Fund for his private investments, with a total target corpus of Rs 30 crore. The total size of the Sebi-approved AIF scheme is Rs 20 crore with a green shoe option of Rs 10 crore, making the total corpus of Rs 30 crore, Sharma said in a statement. The fund will target artificial intelligence and electric vehicles related startups that are incubated in India and specially focused to serve Indian consumers and businesses, the statement said. "The Indian startup ecosystem has some of the brightest entrepreneurs in the world, and we have the potential to become a powerhouse of advanced technology and AI-driven innovations. The launch of this fund is a continuation of my belief in supporting young and promising Indian founders, aligned with the fact that technology has a huge role to play in the development of the country," Sharma said. The various follow-on investments of Sharma's current start

Vivriti Asset Management receives $200 million in three credit funds

Vivriti Asset Management (VAM) on Monday said it has received USD 200 million (about Rs 1,664 crore) in commitments in three alternate investment funds. VAM said the commitments have been raised for three credit funds, including Vivriti Wealth Optimizer Fund, Vivriti Emerging Corporate Bond Fund, and Vivriti Alpha Debt Fund - Enhanced. Under Diversified Bond Funds (DBF), VAM has invested over Rs 1,400 crore since January 2022 in 40 investees in sectors such as airports, clean energy, road construction, fertiliser manufacturing, thermal energy, financial services, logistics, software services and managed offices, as per an official statement. To date, the company has raised commitments of over USD 450 million, the statement said. The investments have supported the growth of these businesses, with end-use tied to capital expenditure, working capital improvement, product development, and last-mile contribution to infrastructure projects, it said. There are 570 contributors to the ...

Market regulator Sebi slams AIF industry for circumvention of regulations

Sebi official did not disclose how widespread such practices are or whether the regulator has already begun enforcement action against them

Mutual funds, AIFs required to seek authorisation for each scheme: IFSCA

As of March 31, there were a total 50 schemes being offered by fund management entities

Exemption from angel tax and forex limits at GIFT: Regulatory panel

Allow to raise capital through SPACs and listing on offshore exchanges

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