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.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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