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    Question

    Angel Funds pool money from high-net-worth individuals

    or companies, called angel investors, for investing in business start-ups. Angel funds are categorised as _______ by SEBI.
    A Sub-Category of Cat – I AIFs Correct Answer Incorrect Answer
    B Sub-Category of Cat – II AIFs Correct Answer Incorrect Answer
    C Sub-Category of Cat – III AIFs Correct Answer Incorrect Answer
    D Sub-Category of Venture Capital Funds under Cat – I AIFs Correct Answer Incorrect Answer
    E Sub-Category of Venture Capital Funds under Cat – II AIFs Correct Answer Incorrect Answer

    Solution

    As per the revised framework for Angel Funds under AIG Regulations, All existing Angel  Funds  shall  be  considered  to  be  registered  as  Category  I  AIF –Angel Funds, instead of being a sub-category under Category I AIF –Venture Capital Funds.

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