Page 6 - Aif
Sebi drops Indian connection clause to make investment easy for AIF, VCF
Capital markets regulator Sebi has allowed India registered Alternative Investment Funds (AIFs) and Venture Capital Funds (VCFs) to invest in foreign entities without having an India connection. Earlier, one of the conditions was that such overseas investments were allowed only in those companies which had an Indian connection. Like, a company has a front office overseas, while having its back office operations in India. "The requirement of the overseas investee company to have an Indian connection... has been done away with," Sebi has said in a circular. The regulator, however, said that no such investments can be made in companies based in jurisdictions identified by Financial Action Task Force (FATF) as those having anti-money laundering (AML) or combating the financing of terrorism (CFT) deficiencies. Moreover, AIFs or VCFs will be allowed to invest in an overseas investee company, which is incorporated in a country whose securities market regulator is a signatory to the ...
 "Sebi drops Indian connection clause to make investment easy for AIF, VCF")
New Mauritius tax norms to hit PE investments in India, says IVCA
The move to tax capital gains from India would fundamentally alter the character of all income arising from Indian AIFs and lead to increased litigation
 "New Mauritius tax norms to hit PE investments in India, says IVCA")
Sebi relaxes regulatory framework for AIFs targeting 'accredited investors'
Sebi also has directed all AIFs to designate an employee as compliance officer, who shall be a person other than the CEO
 "Sebi relaxes regulatory framework for AIFs targeting 'accredited investors'")
Sebi clarifies on applicability of AIFs and portfolio manager rules
Investment managers of an AIF (alternative investment fund) can provide investment management services to the offshore fund only by getting registered as portfolio managers, according to Sebi.
Sebi amends rules governing certain type of alternative investment funds
Capital markets regulator Sebi has amended the rules pertaining to investment aspects of certain category of alternative investment funds (AIFs).
 "Sebi amends rules governing certain type of alternative investment funds")
Bonus stripping: Foreign portfolio investors from Mauritius feel the pinch
Mauritius has become an attractive destination for debt investments in India
 "Bonus stripping: Foreign portfolio investors from Mauritius feel the pinch")
GIFT City draws big players with biz sops; banks, PEs register with IFSCA
Twenty foreign and Indian banks are now part of the IFSC ecosystem
 "GIFT City draws big players with biz sops; banks, PEs register with IFSCA")
Kotak Pre-IPO Opportunities Fund raises Rs 2,000 cr, closes maiden offering
The fund has already made investments worth Rs 653 crore in five deals and has another Rs 405 crore worth deals are in various stages of execution
 "Kotak Pre-IPO Opportunities Fund raises Rs 2,000 cr, closes maiden offering")
In a sticky situation: Sebi's Special Situations Fund may run into tax wall
The tax rate for business income is 42.7 per cent after surcharge and cess
 "In a sticky situation: Sebi's Special Situations Fund may run into tax wall")
Long-only AIFs outperform long/short peers, give median returns of 3.4%
Long/short funds (of which data is available for 13) gave median returns of 2.73 per cent
 "Long-only AIFs outperform long/short peers, give median returns of 3.4%")
Sebi mulls carving out separate AIF category to buy distressed loans
Markets regulator Sebi is planning to carve out a separate category in Alternative Investment Funds (AIF) whereby such entities can purchase distressed loans from banks and NBFCs.
GIFT City gains traction: Avendus fourth firm to get nod for setting up AIF
According to an industry official tracking developments at GIFT City, four other companies' applications are under are under consideration for setting up AIFs
 "GIFT City gains traction: Avendus fourth firm to get nod for setting up AIF")
Sebi's merchant banker order may stretch new AIF timelines, says industry
Regulator's notification has limited international precedent and is unnecessary, say analysts.
Into the tax net: Pooled fund not service providing entity, says IVCA
Specific to AIFs, the IVCA said the funds are a mere pooling vehicle and not a service providing entity
 "Into the tax net: Pooled fund not service providing entity, says IVCA")
Long-only alternative investment funds outperform long-short peers in July
Of the 32 long-only funds, all except one managed to beat the Nifty50 returns of 0.3 per cent during the month
 "Long-only alternative investment funds outperform long-short peers in July")
AIFs take digital turn as across-table deals go out of fashion due to Covid
Multiple firms look to skip physical meetings, documentation while acquiring clients
 "AIFs take digital turn as across-table deals go out of fashion due to Covid")
AIFs stare at higher tax outgo on investment manager's performance fees
Tax uncertainty could dissuade global players from setting up funds in India
 "AIFs stare at higher tax outgo on investment manager's performance fees")
Street signs: Zomato GMP at 15-18%, beeline of AIFs at IFSC, and more
Shares of thermal power producers are likely to benefit from the rise in power demand, say analysts
 "Street signs: Zomato GMP at 15-18%, beeline of AIFs at IFSC, and more")
Sebi's move to introduce accredited investors concept to benefit AIFs
Capital markets regulator Sebi's decision to introduce the concept of accredited investors' will enhance the attractiveness of alternate investment funds (AIFs), experts said on Wednesday.
Sebi doubles AIFs overseas investment limit to $1.5 bn after talks with RBI
Industry players say the move will help the Rs 4.4-trillion AIF industry as the current allowance in many cases was getting fully utilised