Alternate Investment Funds
Alternative Investment Fund or AIF established or incorporated in India is a privately pooled investment vehicle which collects funds from Ultra-HNI investors, whether Indian or foreign, for investing it in accordance with a defined investment policy for the benefit of its investors.
AIF are further categorised into
- Category I AIF: Venture capital funds (Including Angel Funds), SME Funds, Social Venture Funds, Infrastructure funds
- Category II AIF: Various types of funds such as real estate funds, private equity funds (PE funds), funds for distressed assets, etc.
- Category III AIF: Various types of funds such as hedge funds, PIPE Funds, etc.
AIF provides solutions that cater to a niche segment of clients, who are both individuals as well as Institutional entities.
The minimum ticket size for PMS is Rs 1 Crore.
The investments typically happen through a draw down route over a period of time (generally three years).
|Indiabulls AMC||IIFL AMC|
|Edelweiss AMC||Motilal Oswal AMC|
|ICICI Prudential AMC||DSP AMC|
|Franklin India Templeton||Credent Global|