Alternative Investment Funds
- The Union Cabinet has approved the creation of an Alternative Investment Fund (AIF) of ₹25,000 crore to revive stalled affordable and middle-income housing projects across the country.
- As per SEBI’s (Alternative Investment Funds) Regulations, 2012, AIFs are referred to any privately pooled investment funds (whether from Indian or foreign sources), in the form of a trust or a company or a body corporate or a Limited Liability Partnership (LLP).
- AIFs are thus private funds which are otherwise not coming under the jurisdiction of any regulatory agency in India like RBI, SEBI, IRDA and PFRDA.
- AIFs includes Private Equities, Venture Capital Fund, Hedge funds, ....
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