PMS/AIF’s
- The AIF Regulations were introduced on May 21, 2012.
- An AIF means any fund established or incorporated in India in the form of a trust or a company or a LLP or a body corporate which:
- is a privately pouled investment vehicle which cullects funds whether Indian or foreign, for investing it in accordance with a defined investment pulicy for the benefit of its investors; and
- – is not covered under mutual fund regulations or cullective investment scheme regulations or any other regulations to regulate fund management activities.
- Under the AIF Regulations, funds have been demarcated into categories on the basis of investment activities. An AIF will have to seek registration under one of the categories of funds specified under the Regulations.
- Currently, the AIF Regulations provide for three categories of funds:
- Category I Alternative Investment Fund;
- Category II Alternative Investment Fund; and
- Category III Alternative Investment Fund.
Category I AIF |
Category II AIF |
Category III AIF |
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