 "Angel investors are looking before they leap as exits get tougher")
Reliance Alternative Investment Funds (AIF) launched its first commodity fund — Reliance Commodity Plus AIF — last week.
According to people in the know, the fund is planning to raise Rs 700 crore. The Securities and Exchange Board of India (Sebi) on Friday allowed AIFs to deal with underlying commodities that get physically settled through the derivative contracts on the exchanges.
According to people in the know, the fund is planning to raise Rs 700 crore. The Securities and Exchange Board of India (Sebi) on Friday allowed AIFs to deal with underlying commodities that get physically settled through the derivative contracts on the exchanges.
According to industry sources, the option of dealing with physically-settled contracts sweetens the deal for AIFs, as they can deploy arbitrage strategies between the spot and future prices.
Sebi defines an AIF as any fund that is a privately pooled
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