SEBI allows setting up 103 entities in AIFs

India Infoline News Service | Mumbai |

At the end of March 31, 2014, AIFs were committed to raise Rs 13,465 crore in 2013-14

Capital regulator SEBI (Securities and Exchange Board of India) has allowed 103 entities to set up AIFs (alternate investment funds). Out of the total registered AIFs, around 13 entities got SEBI's approval to operate in India so far this year as against 67 in 2013 and 22 in 2011.
AIFs are newly created class of pooled-in investment vehicles for real estate, private equity and hedge funds in less than two years.
The AIFs that have registered with SEBI included IIFL Private Equity Fund, IIFL Opportunities Fund, DSP Blackrock Alternative Investment Fund Category III, India Alternative Energy Trust, ICICI Prudential Debt Fund, Touchstone Trust and Lares Alpha Scheme.
At the end of March 31, 2014, AIFs were committed to raise Rs 13,465 crore in 2013-14 and of this they raised Rs 4,569 crore and invested about Rs 3,348 crore during the period.
 

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