AIF Industry

The Department for Promotion of Industry and Internal Trade (DPIIT) is holding a meeting with alternate investment funds (AIFs) here to discuss ways to promote funding for startups in the country, an official said. The official added that as many as 75 AIFs are expected to participate in the deliberations. Issues like capital mobilisation and promoting funding for startups in smaller cities will be discussed during the meeting, the official added. Under the Centre's Fund of Funds Scheme (FFS), support is extended to Sebi-registered AIFs, which in turn invest in startups. FFS was announced with a corpus of Rs 10,000 crore. The corpus is to be built up over the 14th and 15th Finance Commission Cycles (2016-2020 and 2021-2025) through budgetary support by the DPIIT. Another official said that these AIFs have committed to invest Rs 80,000 crore in startups and they have already pumped in Rs 20,000 crore so far. Among the prominent AIFs of leading startup investment firms supported un

AIFs investing in private credit picked up steam after Budget presentation

Though the minimum investment for AIFs is Rs 1 crore, two-thirds of the total investors have committed to a higher ticket denomination of Rs 5 crore or more

RBI tightening has minimal impact on banks as their AIF exposures small

This includes companies in which lenders have current exposure such as an investment or a loan or in the past 12 months, the Reserve Bank of India (RBI) said

Paytm Founder and CEO Vijay Shekhar Sharma on Monday announced the launch of VSS Investments Fund for his private investments, with a total target corpus of Rs 30 crore. The total size of the Sebi-approved AIF scheme is Rs 20 crore with a green shoe option of Rs 10 crore, making the total corpus of Rs 30 crore, Sharma said in a statement. The fund will target artificial intelligence and electric vehicles related startups that are incubated in India and specially focused to serve Indian consumers and businesses, the statement said. "The Indian startup ecosystem has some of the brightest entrepreneurs in the world, and we have the potential to become a powerhouse of advanced technology and AI-driven innovations. The launch of this fund is a continuation of my belief in supporting young and promising Indian founders, aligned with the fact that technology has a huge role to play in the development of the country," Sharma said. The various follow-on investments of Sharma's current start

Further, exposure to CDS undertaken in these manner will not tantamount to leverage

Foreign investor must be is a resident of the country whose market regulator is a signatory to either IOSCO multilateral MoU or has signed bilateral MoU with Sebi

The company says it manages over Rs 3.3 trillion through its various mutual fund, PMS, AIF and other products

The industry has grown more than 7x in the past five years, from assets of Rs 80,000 crore

Assets of the AIF industry stood at Rs 6.1 trillion at the end of the December quarter - a 38 per cent rise YoY

AIFs have a minimum ticket size of Rs 1 crore and aim to offer investors access to sophisticated strategies across different asset classes

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

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

Regulator rejects overseas investments proposals of funds that fail to meet set parameters

At least two such firms have raised money over the past month, and others are also in talks to do so, said industry sources.

With OPS setting up shop in Gift city, other AIFs are also firming up plans; Five have already applied for the licence, a few more are in the pipeline

Sebi's expert panel has pitched for friendly tax regime and greater participation through the International Financial Services Centre (IFSC) for the alternative investment fund (AIF) industry. The Alternative Investment Policy Advisory Committee (AIPAC), headed by Narayana Murthy, founder of Infosys and has 24 other members, representing Sebi, Reserve Bank of India, government and the industry, has proposed five per cent good and services tax (GST) rate for services availed by the industry. It has also called for more tax-breaks, pass-through status and offsetting of losses. Further, it devised a framework for AIFs to operate on a big scale at the IFSC.The panel submitted its third report in November which was made public on Friday. The committee was constituted in 2015.The panel has proposed that AIFs domiciled at IFSCs shall be permitted to invest outside India freely, without requiring any regulatory approvals from Sebi or the RBI. Currently, there are investment caps and other ...

Industry players want clarity on GST on management fees and expenses to be borne by foreign investors of domestic AIFs