Alternative Investment Funds

A fifth of AIF investments questionable in terms of intent: Sebi official

Whole-time member Ananth Narayan calls for adopting accredited investor model

AIFs can play critical role in job creation: Former Sebi chief Sinha

Former Sebi chairman U K Sinha on Tuesday said alternative investment funds can play a crucial role in helping the economy meet the challenge of job creation. The career bureaucrat who served as the Sebi chairman for six years said there are other challenges confronting the economy as well, but singled out jobs as a critical function where AIFs can be of help. "Going by many of the macro data that we have, there are problems in our economy today, for example on employment generation," Sinha said while addressing a CII event on AIFs here. "The AIF industry does not exist for itself. It has to serve a larger purpose," said Sinha, who is widely credited to have played an important part in the AIF industry by introducing regulations on the aspect during his tenure as the Sebi chief. He said the AIF industry, which has invested around Rs 5 lakh crore as of now, reminds him of the mutual fund industry of 2012. The AMCs had Rs 6 lakh crore of assets under management and were also facing

Market regulator Sebi weighs easing norms for Alternative Investment Funds

With the checks and balances now in place, we are in a position to consider greater product and innovation flexibility to AIFs, Ananth Narayan, a whole-time member of Sebi board said

Kotak AMC set to enter AIF space; to launch Rs 2,000 cr private credit fund

Joins other fund houses that have already forayed into AIF space amid growing investor interest

Alternative investment funds gain currency as fundraise tops Rs 5 trillion

Funds raised and commitments in AIFs have surged 30% Y-o-Y

Market regulator Sebi notifies pro-rata distribution norms for AIFs

AIFs are niche investment vehicles for affluent investors with high entry barriers. These investments are drawn and deployed in tranches based on the investment opportunity

Kotak Alternate Asset Managers to raise Rs 1,600 cr via healthcare PE fund

The value of India's hospital industry is expected to reach 18.35 trillion rupees by 2027 and is growing at a pace of around 18.24%, according to government data

Pro-rata distribution mandate for AIFs may see tweaks in Sebi's final norms

AIFs are pooled investment vehicles for affluent investors with high entry barriers. These investments are drawn and deployed in tranches based on the investment opportunity

Northern Arc aims to raise Rs 1,000 cr through alternate investment fund

Non-bank lender Northern Arc on Monday said one of its arms is aiming to raise Rs 1,000 crore in an alternate investment fund (AIF). The category II AIF aims to raise Rs 1,000 crore, and has the scope to raise an additional Rs 500 crore through the green shoe option. The "Finserv Fund" being launched by the recently listed NBFC's subsidiary Northern Arc Investment Managers (NAIM) will use the money for lending to six varied sectors which will help improve financial inclusion and economic growth, as per an official statement. The six sectors include small businesses, affordable housing, vehicle finance, agriculture finance, microfinance and consumer finance, it said. The AIF is targeting to invest in 45-55 entities across its four-year cycle and deliver an internal rate of return of 14-14.50 per cent to the investors, NAIM chief executive Bhavdeep Bhatt said. The investment strategy focuses on higher risk-adjusted returns and regular investor cash flows by investing in a diversifie

Mt K Kapital raises over Rs 500 cr to invest in realty projects in Mumbai

Alternative investment fund Mt K Kapital on Wednesday said it has raised over Rs 500 crore to deploy in real estate projects in the Mumbai Metropolitan Region (MMR). In a statement, Mt K Kapital said it has raised Rs 500 crore for its maiden fund (Mt. K Resi Development Fund Category II SEBI registered Alternative Investment Fund) from investors like SBI, ICICI Bank, Famy Care and other HNIs. Over Rs 300 crore has already been committed towards five projects in the Mumbai region by Keystone Realtors (Rustomjee Group). The fund is now exercising its green shoe option and is targeting to do a final close shortly. Favourable macroeconomic conditions are likely to strengthen the real estate market and potentially drive expected IRRs (internal rate of returns) beyond 25 per cent, the company said. Mt K Kapital's core strategy targets quick turnaround residential projects with low equity investments and gives investors a share of project profits from redevelopment assets across Mumbai.

AIFs push for a tune-up: Simpler rules, lower barriers, faster approvals

Sebi expert group recommends reforms to streamline operations

Sebi tweaks valuation framework for AIFs post suggestions from industry

The regulator also included valuation guidelines endorsed by the AIF association for the valuation of assets on which there was ambiguity under the previous norms

Alternative investment funds: Rocket fuel for a $50 bn investment blastoff

The master key unlocks a $140 bn commitment

MFs, AIFs to gain higher weight in family office portfolios: Report

Exposure to fixed income, real estate likely could decline, says Sundaram Alternates report

Sebi's new asset class proposal: How far can it quench risk-taker's thirst?

Currently, there is no structured product available to those who have a negative outlook. This drives them to derivatives, where only one out of 10 investors makes profits

Sebi's new rules specify max limit for large value funds' tenure extension

Markets regulator Sebi has amended alternative investment funds (AIF) norms specifying maximum permissible limit for extension of tenure by 'Large Value Funds'. In a notification, Sebi said a large value fund for accredited investors may be permitted to extend its tenure up to five years. This is subject to the approval of two-thirds of the unit holders by value of their investment in the large value fund for accredited investors. The extension in tenure of any existing scheme of a large value fund for accredited investors will be subject to such conditions as specified by the regulator. The move is aimed at providing clarity to investors in Large Value Funds for Accredited Investors (LVFs) about their investment horizon. Large Value Fund (LVF) for accredited investors means an AIF or scheme of an AIF in which each investor (other than the manager, sponsor, employees or directors of the AIF or employees or directors of the manager) is an accredited investor and invests at least Rs

High returns, govt support pushes AIFs to explore SME-focused IPOs

The high returns from Initial Public Offerings (IPOs) of Small and Medium Enterprises (SMEs) in recent years, coupled with government support for the sector, have encouraged Alternative Investment Funds (AIFs) to explore this growth potential. AIF is a fund established or incorporated in India which is a privately pooled investment vehicle. Paradise Moon Investment Fund, an AIF, has announced its launch with the aim of raising Rs 750 crore over the next few years, targeting investors looking to leverage the growth of the SME market pre and post-IPOs. The fund aims to provide investors with a unique opportunity to tap into the growing potential of the Indian stock market and capitalize on the dynamic landscape of SME IPOs, an official said. Approximately 900 SMEs have been listed on the SME platforms of both the National Stock Exchange and the BSE, with significant traction observed over the past 2-3 years. We seek to invite investment in Category 1 Alternative Investment Fund (AIF

Capitalmind to launch Rs 500 cr in maiden AIF, to invest in 20-40 stock

Investment manager Capitalmind Financial Services on Thursday said it aims to raise Rs 500 crore in its maiden alternate investment fund over the next year. The company has been in the portfolio management services space and currently, boasts Rs 2,200 crore assets under management, its founder and chief executive officer Deepak Shenoy said. The firm received the Sebi approval for a category 3 AIF which it christened as "Capitalmind Select India One" last year, he told reporters, adding that the minimum investment amount will be Rs 1 crore. The fund is designed for sophisticated investors seeking exposure to a diversified, quantitatively managed equity portfolio with active risk management, he said, adding that it will invest in 20-40 stocks. It combines multiple factors such as momentum, low volatility and quality into a single pooled vehicle, offering investors an opportunity for long-term wealth appreciation, a statement said.

PE investments in realty sector up 15% to $3 billion in H1: Knight Frank

Mumbai led the investment landscape with $1.701 billion, followed by Bengaluru and Hyderabad

Sebi considers new product category between mutual funds and PMS

Sebi move aimed at filling product gap, curbing inflow into unauthorised investment schemes