Page 4 - Aif

Proposed fee structure for the AIF Industry to level playing field

Direct plans, trail model for distribution of commission in Sebi's line of sight

Sebi proposes measures to curb mis-selling in alternate investment funds

Under the recommendations, commission to be charged on trail basis

Sebi mulls tenure extension for AIFs to continue unliquidated investments

Pooled investment vehicles may be allowed to carry forward unliquidated investments to a fresh scheme at the end of tenure

Agri Infrastructure Fund crosses Rs 30,000-cr mark of capital mobilisation

Agriculture Infra Fund (AIF) is a financing facility launched on 8th July 2020 for creation of post-harvest management infrastructure and community farm assets

Sebi allows AIFs to participate in Credit Default Swap transactions

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

Sebi bans fresh inflows into AIF schemes making 'priority distribution'

Schemes adopting such a model, which benefits one class of investors at the cost of others, have also been barred from investing in new companies

Sebi frames guidelines for AIFs for declaring first close of a scheme

Capital markets regulator Sebi on Thursday came out with guidelines for Alternative Investment Funds (AIFs) for declaring the first close of a scheme. Also, the regulator has specified the manner of calculating the tenure of a close-ended scheme of an AIF and prescribed a fee for change in control of the manager or sponsor. The new guidelines would come into force with immediate effect, the Securities and Exchange Board of India (Sebi) said in a circular. With regard to the first close of schemes of AIFs, Sebi said that the first close of a scheme is required to be declared not later than 12 months from the date of the capital markets regulator's communication for taking the Private Placement Memorandum (PPM) of the scheme on record. In the case of open-ended schemes of Category III AIFs, the first close would refer to the close of their Initial Offer Period. "Corpus of the scheme at the time of declaring its first close shall not be less than the minimum corpus prescribed in AIF

Mumbai's venture debt marketplace plans early-stage funding for startups

A Mumbai-based venture debt marketplace is in the midst of setting up an Alternate Investment Fund (AIF) in India and raise USD 90 million for funding 100 startups in 10 countries as well as opening a Singapore office. The AIF, a private equity fund in India, will raise money from Indian investors for the Indian companies, Mumbai-based 8vdx founder Ravi Chachra said on the sidelines of Singapore Fintech Festival. We have money from Indian investors and we are setting up an Indian AIF, an equity fund, said Chachra, a serial entrepreneur and veteran financial investor with a specialisation in credit. The Mumbai team of 15 will be expanded to 40 next year while 10 more funding experts will be placed in offices in Singapore, to be opened next year, as well as Delaware and California. The company has already raised USD 10 million, some of which have come from small investors such as people keen on investing as little as US$10,000 in startups, he explained. Chachra, and 8vdx co-founder

Less than a decade since launch, AIF commitments to cross Rs 7 trn mark

There is optimism that the Rs 7 trillion mark will likely be crossed soon, given the recent momentum

Startups increasingly raising venture debt as investors fear funding winter

Most investors are more cautious in deploying capital towards growth businesses, especially in late-stage startup investments, which are key drivers in a funding cycle

Sebi drops Indian connection clause to make investment easy for AIF, VCF

Capital markets regulator Sebi has allowed India registered Alternative Investment Funds (AIFs) and Venture Capital Funds (VCFs) to invest in foreign entities without having an India connection. Earlier, one of the conditions was that such overseas investments were allowed only in those companies which had an Indian connection. Like, a company has a front office overseas, while having its back office operations in India. "The requirement of the overseas investee company to have an Indian connection... has been done away with," Sebi has said in a circular. The regulator, however, said that no such investments can be made in companies based in jurisdictions identified by Financial Action Task Force (FATF) as those having anti-money laundering (AML) or combating the financing of terrorism (CFT) deficiencies. Moreover, AIFs or VCFs will be allowed to invest in an overseas investee company, which is incorporated in a country whose securities market regulator is a signatory to the ...

New Mauritius tax norms to hit PE investments in India, says IVCA

The move to tax capital gains from India would fundamentally alter the character of all income arising from Indian AIFs and lead to increased litigation

Sebi relaxes regulatory framework for AIFs targeting 'accredited investors'

Sebi also has directed all AIFs to designate an employee as compliance officer, who shall be a person other than the CEO

Sebi clarifies on applicability of AIFs and portfolio manager rules

Investment managers of an AIF (alternative investment fund) can provide investment management services to the offshore fund only by getting registered as portfolio managers, according to Sebi.

Sebi amends rules governing certain type of alternative investment funds

Capital markets regulator Sebi has amended the rules pertaining to investment aspects of certain category of alternative investment funds (AIFs).

Bonus stripping: Foreign portfolio investors from Mauritius feel the pinch

Mauritius has become an attractive destination for debt investments in India

GIFT City draws big players with biz sops; banks, PEs register with IFSCA

Twenty foreign and Indian banks are now part of the IFSC ecosystem

Kotak Pre-IPO Opportunities Fund raises Rs 2,000 cr, closes maiden offering

The fund has already made investments worth Rs 653 crore in five deals and has another Rs 405 crore worth deals are in various stages of execution

In a sticky situation: Sebi's Special Situations Fund may run into tax wall

The tax rate for business income is 42.7 per cent after surcharge and cess

Long-only AIFs outperform long/short peers, give median returns of 3.4%

Long/short funds (of which data is available for 13) gave median returns of 2.73 per cent