According to an industry official tracking developments at GIFT City, four other companies' applications are under are under consideration for setting up AIFs
Of the 32 long-only funds, all except one managed to beat the Nifty50 returns of 0.3 per cent during the month
Multiple firms look to skip physical meetings, documentation while acquiring clients
Sebi has done away with the investment restrictions on the residual portion of investable funds of venture capital funds (VCFs)
Tax uncertainty could dissuade global players from setting up funds in India
This is the first FPI licence issued to an AIF incorporated in GIFT IFSC by any custodian bank or designated depository participant (DDP) in the country
Diversification at a lower cost said to be among the key reasons for such structures
Long-only funds provided average returns of 8 per cent, while long-short funds returned 0.3 per cent, data from PMS Bazaar showed
Finmin notifies changes to the investment pattern of these funds
Long-only funds gave average returns of -0.2 per cent for the month, while long-short funds returned 0.1 per cent, the data from PMS Bazaar showed
Pandemic year has seen a slowdown for other kinds of alternative investment funds too
AIFs are privately pooled investment funds approved by the capital markets regulator Securities and Exchange Board of India for different categories of asset classes
Under the new norms, members of an investment committee of an AIF will no longer be responsible for investment decisions.
Alternative investment funds are sophisticated schemes for wealthy people to invest their money. They require a minimum investment of Rs 1 crore
Sebi, in its board meeting on Wednesday, said it would provide a leeway to investment committees of AIFs.
Dolat Capital has been the first off the block in setting up such a structure for its Category-III fund
The former gave average category returns of 4.3 per cent, in comparison to 0.2 per cent for the latter, shows data from PMS Bazaar
AIFs are sophisticated investment vehicles for the wealthy
To assess performance of Alternate Investment Funds, Crisil Research on Thursday launched benchmark indices for the industry.
A normalisation of the definition of "capital assets" for Indian AIFs will ensure that they can compete fairly with global capital on home soil