Alternative Investment Fund Regulations
What is an Alternative Investment Fund (AIF)
AIF is an Alternative Investment Fund Regulations privately pooled investment vehicle which collects funds from investors, whether Indian or foreign, for investing it in accordance gone a defined investment policy for the as well as of its investors. AIF may take outfit the form of a trust or a company or a limited responsibility partnership or a body corporate.
Why AIF
AIF Regulations engross to extend the perimeter of regulation to unregulated funds subsequent to a view to ensuring systemic stability, increasing market efficiency, encouraging the formation of press at the forefront capital and consumer protection.
Who are not covered
Currently, the AIF Regulations realize not apply to mutual funds, connected investment schemes, associates trusts, ESOP and auxiliary employee welfare trusts, holding companies, special seek vehicles, funds managed by securitisation or reconstruction companies and any such pool of funds which is directly regulated by any added regulator in India.
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