Page 5 - Alternative Investment Funds

Govt, SBI, LIC to provide Rs 25,000 cr fund to stalled housing projects

This will finance 1,600 stalled housing projects comprising 4,58,000 housing units across the country

Rs 25,000-crore realty corpus: Experts worry over implementation

According to experts, technical teams that will be evaluating and monitoring the unfinished projects will have to consider projects that are booked or at least have a significant chunk sold out

Govt asks homebuyers to approach lenders for revival of their loans

Homebuyers of projects from Jaypee Infra and Amrapali group, among others, will not be able to avail of this fund

Best of BS Opinion: Can alternative investment fund revive realty sector?

Here's a selection of Business Standard Opinion pieces for the day

A cobbler's suggestions to mend the economy

One-time restructuring of real estate loans and a large fund to buy toxic assets and equity in banks and NBFCs can bring back the animal spirits in the economy

Three hurdles for the realty fund

While the real estate fund is desirable, the question is: Will this let reckless finance companies and obdurate real estate developers off the hook?

The Indian middle class needs to learn that house prices can fall too

If you want to fix the housing sector, fix the market for houses - don't try to bail out projects, developers, banks or homeowners

Despite stalled projects, India ranks second in number of affordable homes

According to the survey, China tops the list with 74% of polled Chinese saying they can buy homes

A Rs 25,000 cr push: Here's how govt plans to revive the real estate sector

While the government will act as a sponsor with its Rs 10,000-crore initial contribution to the category-II AIF, SBI and LIC will provide an additional Rs 15,000 crore for the fund

AIFs log 60% growth in one year on the back of easier regulatory framework

Easing of regulatory framework, increasing debt investment provide a boost

AIFs may find limited relief in Sitharaman's latest round of announcements

Some investments see reprieve only for foreign investors, not AIFs

Industry group pitches for removal of surcharge on category III AIFs

Pass-Through status for category III funds has been a long-pending industry demand

Alternative investment funds explore conversion to LLPs over tax surcharge

Compliance burden may, however, make conversion difficult to execute

Budget 2019: Rise in taxes to take a toll on category-III alternative funds

Budget 2019 mentioned an increase in the taxation of trusts and associations of persons

AIFs line up to enter turbulent debt market; 'demand for patient money'

Experts see demand for patient money, away from daily pressures faced by MFs

AIFs in GIFT City boost for attracting new funds, generating jobs: Experts

According to Sebi guidelines, AIF is IFSC can now invest into India under the FPI / FVCI and FDI route

Sebi issues guidelines to set up alternative investment funds in IFSC

Under the rules, each scheme of the AIF will have a corpus of at least $3 million

AIF investments grow 9% in Q1 of calendar 2018; cumulative growth at 75%

Experts say key decisions by Sebi and other factors helped spur growth, improving liquidity and depth in the market

Fund managers make switch to high-growth AIF industry

Marquee fund managers are making the switch from mutual funds to newly introduced alternative investment funds (AIFs), which are seeing a rapid growth in commitments thanks to a spike in the number of wealthy investors.Last week, Franklin Templeton appointed S Naganath, chief investment officer (CIO) of rival DSP Blackrock, as head of its AIF division. Earlier this month, former head of equities of IDFC MF Kenneth Andrade, known for picking mid-cap winners, announced the launch of an AIF, eyeing to raise ~400 crore from rich investors.Also, Sunil Singhania, former CIO of Reliance MF, was moved to parent Reliance Capital as global head-equities a few months ago, a role that would focus on expanding the footprint of the company in products such as AIFs and wealth management. In March, Rajesh Sehgal, executive director of Franklin Templeton Asset Management, ventured into the AIF space through the firm he founded: Equanimity Investments.This shift is not surprising, considering the ...

Alternative investment funds gain traction, draw Rs 1 lakh cr

With buoyancy in capital markets, investors are increasing looking at alternative investment funds (AIFs), which offer high investment flexibility.According to data compiled from the Securities and Exchange Board of India(Sebi), the industry has raised investment commitments worth nearly Rs 1 lakh crore as of June 2017 - a fourfold jump from Rs 24,873 crore two years back.Market participants say, this surge in the popularity of AIFs is on account of stellar returns given by the existing funds along with easing of regulatory framework. In the last three years, Sebi along with the government have ushered several relaxations in the AIF regime. While the government provided a pass-through status for Category I and Category II AIFs in 2015, the holding period for availing long term capital gains in the investments made by AIFs in the unlisted space was reduced to two years from three years.Further, Sebi recently waived AIFs from fulfilling the one-year lock-in period post initial public ...