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
The data collection process is being carried out by CRISIL
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
AIF refers to any fund established or incorporated in India which is a privately pooled investment vehicle that collects funds from sophisticated investors, whether Indian or foreign
The priorities include setting up an international bullion exchange also.
The IBA had proposed a national-level asset reconstruction company (ARC) owned by the government with its capital infusion worth Rs 10,000 crore
Some players approach Sebi to seek-industry wide relief