Page 2 - Alternative Investment Funds

Sebi allows co-investment window inside alternative investment funds

Co-investment will allow an accredited investor to take direct exposure to the unlisted asset where the AIF is also investing

AIF commitments surge past ₹14 trn; funds raised, deployment exceed ₹5 trn

Commitments to AIFs rose 20% year-on-year to Rs 14.2 trillion as of June 2025, with funds raised at Rs 6 trillion and investments made at Rs 5.72 trillion

Sebi proposes lowering investment limit for LVFs under AIF framework

The current minimum threshold for LVF AIFs is Rs 70 crore, which could be brought down to Rs 25 crore after the public consultation process is over

Category-III AIFs take leap in interest from HNIs, family offices

Category III AIFs include hedge funds, quant funds, and those using complex trading strategies

Co-investment may slip its leash as rules relax for big-ticket plays

Compliance walls could begin to crack as sovereign and pension money nose their way in

Smallcaps offer Alpha; midcaps look expensive: PGIM India's Aniruddha Naha

Market outlook: Amid the ongoing conflict in West Asia, surging crude oil prices could pose risk to India's economic stability, Smallcaps preferred over midcaps: PGIM

AIF investments rise 32% to ₹5.38 trillion by March 2025, shows data

Rising volatility and evolving macro trends are driving HNIs to invest more in AIFs, which reached ₹5.38 trillion by March 2025, as they move beyond traditional asset classes

VC funds get relief; MCX gets approval for electricity derivatives

The market regulator had barred five officials from IndusInd Bank in the alleged insider trading matter

Sebi extends timeline of addl liquidation period for VCFs migrating

Markets regulator Sebi on Friday extended the additional liquidation timeline by one year till July 2026 for venture capital funds (VCFs) transitioning to alternative investment funds rules. Sebi, in August 2024, issued modalities and conditions for VCFs to migrate to the Alternative Investment Funds (AIFs) rules. This also allowed VCFs, with at least one scheme not yet wound up after the end of their liquidation period, an additional liquidation period until July 19, 2025, if they migrate to AIF Regulations. Based on industry feedback and to facilitate migration, Sebi has now extended this additional liquidation period to July 19, 2026, according to a circular issued on Friday. A 'Migrated VCF' is a VCF that transitions to become a sub-category of VCF under Category I - Alternative Investment Fund as per the AIF norms. The market watchdog reiterated that VCFs' transition to AIF regulations are given an additional liquidation period till July 19, 2025. On application requirements,

Mutual funds plan to enter SIF space with equity and hybrid offerings

As they look to leverage existing resources, launch differentiated funds

IVCA urges legacy VCFs to act fast on Sebi's one-time migration window

The new SEBI framework grants legacy venture capital funds a one-time migration window with fee waivers and simplified re-registration under the AIF regime

RBI proposes new norms for RE investments in AIFs, seeks public feedback

As part of a revised framework, RBI has proposed a 10% cap on RE contribution to AIFs, stricter provisioning rules, and is inviting stakeholder feedback by 8 June

AIFs seek Sebi help to address inter-regulatory issues and ease norms

AIF industry officials believe that such a platform could help address operational hurdles in domestic capital formation

Sebi extends deadline of AIF managers' certification requirement to July 31

Markets regulator Sebi on Tuesday extended the deadline to July 31 for the certification requirement for Alternative Investment Fund (AIF) managers. Under the rules, the key investment team of an AIF manager is required to have at least one member certified as specified by Sebi. From May 10, 2024, the required certification is the NISM Series-XIX-C: AIF managers certification examination. Earlier, Sebi allowed existing AIF schemes as of May 13, 2024, and schemes pending approval (as of May 10, 2024) until May 9, 2025, to obtain this certification. "Based on representation received from the AIF industry, and with the objective of providing ease of compliance to the AIF industry, it has been decided to extend the said timeline from May 9, 2025, to July 31, 2025, to obtain the requisite NISM certification," according to a Sebi circular. This extension is effective immediately, it added.

Alternative investment funds tell Sebi: One exam doesn't fit all

Push for a category split in certification as clock ticks down

SC asks TMC MP Mahua Moitra to approach Sebi for public disclosure of FPIs

The Supreme Court on Tuesday asked TMC MP Mahua Moitra to make a detailed representation to the SEBI on mandating public disclosure of portfolio holdings of alternative investment funds and foreign portfolio investors (FPIs). A bench of Justices B V Nagarathna and Satish Chandra Sharma passed the order while hearing Moitra's plea for a direction to the Securities and Exchange Board of India (SEBI) to mandate public disclosure of ultimate beneficial owners and portfolio of alternative investment funds (AIFs), FPIs and their intermediaries in India. While disposing of Moitra's plea, the bench said once such a representation would be made, the same be considered in accordance with law. Advocate Prashant Bhushan, appearing for Moitra, said the regulations of SEBI require normal mutual funds and other investors to disclose who were these people who were investing, in which companies they were investing. "So far as these two categories (AIFs and FPIs) are concerned, no disclosure is ...

Green Portfolio announces launch of AIF with Rs 300 crore target corpus

Portfolio management service provider Green Portfolio on Wednesday announced the launch of its Alternative Investment Fund (AIF) with a target corpus of Rs 300 crore. Of the Rs 300 crore, the company has already secured over 50 per cent of its commitments from existing and potential investors, Green Portfolio said in a statement. The new category III fund will meet the growing demand for pre-IPO, private market, and exclusive listed equity investment opportunities. The fund will allocate 70-80 per cent of its capital to listed equities, with a focus on small, mid, and micro-cap stocks, while 20-30 per cent will be invested in pre-IPO and private market opportunities. It will also consider preferential allotments, private placements, secondary opportunities, and SME companies. Commenting on the move, Divam Sharma, Co-Founder and Fund Manager at Green Portfolio, said that expanding into the AIF space feels like a natural next step. This move allows the company to offer clients unique

Sebi cuts rights issue timeline to 23 days; Edelweiss MF launches debt fund

Edelweiss Mutual Fund on Tuesday launched its low duration fund, a debt fund which will predominantly invest in low duration debt and money market securities

AIF commitments top Rs 13 trillion as HNIs prefer diversification

Data from the Securities and Exchange Board of India (Sebi) shows that total funds raised by AIFs reached Rs 5.27 trillion, with total investments exceeding Rs 5 trillion in December

Markets Today: Trump on mkts; FII; Nasdaq; Nikkei; Balaji, NAPS Global IPOs

Stock Market Today: As of 6:33 AM, GIFT Nifty Futures were down 75 points at 22,545, hinting at a negative start.