Under the new norms, members of an investment committee of an AIF will no longer be responsible for investment decisions.
Alternative investment funds are sophisticated schemes for wealthy people to invest their money. They require a minimum investment of Rs 1 crore
Sebi, in its board meeting on Wednesday, said it would provide a leeway to investment committees of AIFs.
Dolat Capital has been the first off the block in setting up such a structure for its Category-III fund
The former gave average category returns of 4.3 per cent, in comparison to 0.2 per cent for the latter, shows data from PMS Bazaar
AIFs are sophisticated investment vehicles for the wealthy
To assess performance of Alternate Investment Funds, Crisil Research on Thursday launched benchmark indices for the industry.
A normalisation of the definition of "capital assets" for Indian AIFs will ensure that they can compete fairly with global capital on home soil
The data collection process is being carried out by CRISIL
August has had four new funds with about 10 days to go. The three-month moving average would drop to 5.33 funds, the lowest in 58 months, if no new ones are granted registration
AIF refers to any fund established or incorporated in India which is a privately pooled investment vehicle that collects funds from sophisticated investors, whether Indian or foreign
The priorities include setting up an international bullion exchange also.
The IBA had proposed a national-level asset reconstruction company (ARC) owned by the government with its capital infusion worth Rs 10,000 crore
Some players approach Sebi to seek-industry wide relief
AIFs have to collect stamp duty through a registrar and transfer agent
Banks will be able to customise ICAs in accordance with their needs even as more financial stakeholders are on-boarded, including those with foreign currency exposures
Long-short funds try to profit from both rise and fall in asset prices, whereas long-only funds try to buy undervalued assets and gain if the asset price appreciates
Unlike MFs, Category-I and II AIFs have a closed-ended structure and are not exposed to the risk of sudden redemptions
Regulator rejects overseas investments proposals of funds that fail to meet set parameters
Raises doubts over drawing down capital from Chinese LPs