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    Alternative Investment Funds

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    krishna sharma
    This document discusses alternative investment funds (AIFs) in India. It defines AIFs as privately pooled investment funds that collect funds from eligible investors in India or abroad to invest according to a defined strategy. AIFs are regulated under SEBI regulations and include non-traditional funds like hedge funds, venture capital funds, private equity funds, and funds investing in real estate, SMEs, infrastructure or other sectors. The document outlines the characteristics, categories, regulations, and types of AIFs available in India. It also summarizes some recent policy highlights related to AIFs from the Indian budget.

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    Alternative Investment Funds

    Uploaded by

    krishna sharma
    118 views10 pages
    This document discusses alternative investment funds (AIFs) in India. It defines AIFs as privately pooled investment funds that collect funds from eligible investors in India or abroad to invest according to a defined strategy. AIFs are regulated under SEBI regulations and include non-traditional funds like hedge funds, venture capital funds, private equity funds, and funds investing in real estate, SMEs, infrastructure or other sectors. The document outlines the characteristics, categories, regulations, and types of AIFs available in India. It also summarizes some recent policy highlights related to AIFs from the Indian budget.

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    This document discusses alternative investment funds (AIFs) in India. It defines AIFs as privately pooled investment funds that collect funds from eligible investors in India or abroad to invest according to a defined strategy. AIFs are regulated under SEBI regulations and include non-traditional funds like hedge funds, venture capital funds, private equity funds, and funds investing in real estate, SMEs, infrastructure or other sectors. The document outlines the characteristics, categories, regulations, and types of AIFs available in India. It also summarizes some recent policy highlights related to AIFs from the Indian budget.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    118 views10 pages

    Alternative Investment Funds

    Uploaded by

    krishna sharma
    This document discusses alternative investment funds (AIFs) in India. It defines AIFs as privately pooled investment funds that collect funds from eligible investors in India or abroad to invest according to a defined strategy. AIFs are regulated under SEBI regulations and include non-traditional funds like hedge funds, venture capital funds, private equity funds, and funds investing in real estate, SMEs, infrastructure or other sectors. The document outlines the characteristics, categories, regulations, and types of AIFs available in India. It also summarizes some recent policy highlights related to AIFs from the Indian budget.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 10
    At a glance
    Powered by AI
    The key takeaways are that AIFs are privately pooled investment funds that collect funds from eligible investors and invest according to a defined investment policy for the benefit of investors. AIFs include funds like real estate funds and hedge funds and are regulated under SEBI regulations.

    The different types of AIFs discussed are debt funds, hedge funds, venture capital funds, SME funds, sponsors, and incubators.

    Characteristics of AIFs mentioned are that they are non-conventional funds, require high minimum investment, are more risky than conventional investments, are less liquid, offer high risk with high returns, and can act as a hedge against inflation.

    Alternative Presented by

    • KRISHNA SHARMA 19F222


    • NIRAV KHAKHARIA 19F229
    Investment Funds • R. MRITHUNJAY 19F238
    Any fund established or incorporated in India which has features-
    * Privately pooled investment fund which collect fund from eligible
    investors.
    * Investor and be Indian or Foreign.
    * Invests in accordance with a defined investment policies for the benefit
    of its investors.

    What is
    Alternative AIFs are regulated under SEBI Alternative Investment Funds regulation,
    2012 to regulate pooled investment funds such as real estate and hedge
    Investment funds.

    Funds(AIFs)
    So, we can say that an AIF is a kind of fund, different than conventional
    investment such as stocks, bonds, cash, bank deposits etc…
    They are non conventional funds.

    High Minimum Investment required.

    More Risky than conventional investment


    products.
    Characteristics
    of AIFs Less liquid.

    High risk – High returns.

    They can act as the hedge to


    inflation(investment in Gold, oil, real states).
    Debt Funds – Primarily
    Hedge Funds – AIFs which
    Make investments in debt
    invest in diverse or complex
    or debt securities of listed
    trading strategies having
    or unlisted investee
    high risk involved.
    companies.

    Different AIFs Venture Capital Funds – AIFs


    SME Funds – AIFS investing
    in unlisted securities of
    investee company which are
    present in investing in unlisted
    securities of start-ups.
    SMEs.
    • Sponsors – AIFs including the
    Market promoters of the company.

    Incubators – Hardcore
    technocrat working with
    entrepreneur to develop
    business ideas which leads
    to companies growth and
    funding.
    • Category I – Invest in start ups, early stage
    ventures, social ventures, SMEs, Infrastructure
    or other economically desirable sectors.
    • Category II – Funds such as private equity or
    debt funds for which no specific concessions are
    Categories of
    given by any regulators. AIF
    • Category III – Employs diverse trading strategies
    and may employ leverage including through
    investment in listed or unlisted derivatives.
    • May raise fund from any investor
    • Shall have a corpus of at least ₹25Cr.
    • Cannot accept investment less than ₹1Cr.
    Exceptions – in case of employees, director the
    minimum investment will be ₹25L.
    Regulations • Manager or sponsor shall have a continuing
    interest in AIF
    for AIFs • Manager or sponsor shall disclose their
    investment
    • No scheme shall have more than 1000 investors
    • Shall not solicit or collect funds except by the
    way of private placement
    Angel investor- meaning and criteria

    Registration of an angel fund

    Angel Funds- Investment in an angel fund


    Category 1
    AIF Schemes

    Listing
    Foreign venture capital investors

    • Meaning
    • Investment conditions
    • Maintenance of books and records
    Exemptions on capital
    gain tax for transfer of
    specified capital
    Streamlining KYC
    assets for AIF’s
    norms for foreign
    situated in
    Conclusion International
    Financial Service
    portfolio investors

    Highlights of Centre

    Budget 2019-
    20 Tax exemptions under
    Income tax Act,1956
    AIF Investments surge
    79% in March quarter
    for Category 2 AIF’s
    THANK YOU

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