AIF Industry

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

Foreign investor must be is a resident of the country whose market regulator is a signatory to either IOSCO multilateral MoU or has signed bilateral MoU with Sebi

The company says it manages over Rs 3.3 trillion through its various mutual fund, PMS, AIF and other products

The industry has grown more than 7x in the past five years, from assets of Rs 80,000 crore

Assets of the AIF industry stood at Rs 6.1 trillion at the end of the December quarter - a 38 per cent rise YoY

AIFs have a minimum ticket size of Rs 1 crore and aim to offer investors access to sophisticated strategies across different asset classes

The fund is targeting a total corpus of Rs 1,000 crore, including the green-shoe option of Rs 500 crore

August has had four new funds with about 10 days to go. The three-month moving average would drop to 5.33 funds, the lowest in 58 months, if no new ones are granted registration

Regulator rejects overseas investments proposals of funds that fail to meet set parameters

At least two such firms have raised money over the past month, and others are also in talks to do so, said industry sources.

With OPS setting up shop in Gift city, other AIFs are also firming up plans; Five have already applied for the licence, a few more are in the pipeline

Sebi's expert panel has pitched for friendly tax regime and greater participation through the International Financial Services Centre (IFSC) for the alternative investment fund (AIF) industry. The Alternative Investment Policy Advisory Committee (AIPAC), headed by Narayana Murthy, founder of Infosys and has 24 other members, representing Sebi, Reserve Bank of India, government and the industry, has proposed five per cent good and services tax (GST) rate for services availed by the industry. It has also called for more tax-breaks, pass-through status and offsetting of losses. Further, it devised a framework for AIFs to operate on a big scale at the IFSC.The panel submitted its third report in November which was made public on Friday. The committee was constituted in 2015.The panel has proposed that AIFs domiciled at IFSCs shall be permitted to invest outside India freely, without requiring any regulatory approvals from Sebi or the RBI. Currently, there are investment caps and other ...

Industry players want clarity on GST on management fees and expenses to be borne by foreign investors of domestic AIFs