 "cash, currency, notes, funds, investment, shares, growth, profit, loss, tax, money, income, earnings")
CRISIL on Thursday announced the launch of benchmarks for alternative investment funds (AIFs), against which investors can measure their performance.
AIFs are sophisticated investment vehicles for the wealthy. They have a minimum investment of Rs 1 crore. The rating agency said in a statement that the benchmarks would be across the three AIF categories.
The first includes VC funds and infrastructure funds, among others. The second includes PE funds and funds that do not make use of leverage. The third makes use of complex trading strategies and leverage, such as hedge funds.
Since many of these invest in illiquid securities or instruments that
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