07 November, 2019
4 Min Read
Syllabus subtopic: Inclusive growth and issues arising from it.
News: The Union Cabinet has approved the creation of an Alternative Investment Fund (AIF) of Rs. 25,000 crores to provide last-mile funding for stalled affordable and middle-income housing projects across the country.
Prelims focus: About the newly announced fund, AIF- key features.
Mains focus: Significance and the need for AIFs.
What are AIFs?
As defined in the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012, AIFs refer to any privately pooled investment fund, (whether from Indian or foreign sources), in the form of a trust or a company or a body corporate or a Limited Liability Partnership (LLP).
As per SEBI (AIF) Regulations, 2012, AIFs shall seek registration in one of the three categories:
Source: The Hindu
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