Page 8 - Alternative Investment Funds

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

AIF assets nudge past Rs 5 trn mark, still a seventh of MF industry size

The AIF segment has grown more than 8x in past five years

PMS, AIF asset base set to cross Rs 50 trn in 10 years: PMS Bazaar

With sophisticated investors looking beyond traditional retail-oriented investments, Portfolio Management Services (PMS) and Alternative Investment Fund (AIF) structures are gaining massive traction and the assets base of these products is expected to cross Rs 50 lakh crore by 2031. PMS and AIF are emerging as strong alternatives to grow wealth and investments, PMS Bazaar said at the annual summit 'PMS & AIF 4.0: Alternative Assets For All Seasons'. PMS Bazaar is a platform for investors and intermediaries looking for PMS and AIF information, analytics and comparisons to help investors create wealth using this wealth-building medium. "By 2031, the PMS and AIF industry is expected to cross Rs 50 lakh crore on the back of 20 per cent CAGR (compound annual growth rate) growth," it said. It further said PMS and AIF products generate healthy returns, achieve better penetration and thrive in a favourable regulatory landscape. According to official data, assets under management of ...

Long-only funds outperformed long-short strategies in September

Of the 34 long-only funds, 19 beat the Nifty50 returns of 2.8% during the month, while two of the 14 long-short funds outperformed the benchmark

Avendus PE Investment launches second structured credit fund

The fund is targeting a total corpus of Rs 1,000 crore, including the green-shoe option of Rs 500 crore

Axis MF, Inversion Advisory launch AIF to invest in underperforming firms

Plans to raise Rs 3,500 cr; Axis AMC to be investment manager of the fund, Inversion to provide operational and turnaround expertise

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

Kotak Mahindra Bank to acquire 9.98% stake in KFin Tech for Rs 310 cr

KFin Technologies provides technology solutions across a broad spectrum of asset classes spanning mutual funds, alternative investment funds and pension funds

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

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

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

Sebi halves the post-IPO lock-in period for promoters to 18 months

Sebi has done away with the investment restrictions on the residual portion of investable funds of venture capital funds (VCFs)

AIFs stare at higher tax outgo on investment manager's performance fees

Tax uncertainty could dissuade global players from setting up funds in India

Kotak Mahindra Bank issues India's first FPI licence to GIFT AIF

This is the first FPI licence issued to an AIF incorporated in GIFT IFSC by any custodian bank or designated depository participant (DDP) in the country

Fund-of-fund AIFs gain traction, at least three players launch such schemes

Diversification at a lower cost said to be among the key reasons for such structures

Category-III alternative investment funds beat Nifty returns in February

Long-only funds provided average returns of 8 per cent, while long-short funds returned 0.3 per cent, data from PMS Bazaar showed

Non-govt PFs, gratuity funds can invest in alternative investment funds

Finmin notifies changes to the investment pattern of these funds

Category 3 alternative investment funds beat Nifty returns in January

Long-only funds gave average returns of -0.2 per cent for the month, while long-short funds returned 0.1 per cent, the data from PMS Bazaar showed

Hedge funds commitments dip 2.7% in first-ever drop in the category

Pandemic year has seen a slowdown for other kinds of alternative investment funds too

Debt alternative investment funds investors lower return expectations

AIFs are privately pooled investment funds approved by the capital markets regulator Securities and Exchange Board of India for different categories of asset classes