Question

Consider the following statements Alternate Investment

Q: Answer-Consider the following statements Alternate Investment Fund (AIF): I. It is a fund of funds that in...

Statement II is incorrect- It is a fund of funds that invests in asset classes other than bonds, stocks and cash. AIF consists of investment funds that are privately pooled that invest in private equity, venture capital, hedge funds, managed funds, etc. Statement II is incorrect- The Securities and Exchange Board of India SEBI regulates the alternative investment funds in India. Statement III is correct- AIF means an investment that differs from conventional investments such as debt securities, stocks, etc. It is an investment option for high rollers, including domestic and foreign investors in India.

Fund (AIF): I. It is a fund of funds that invests in asset classes which includes bonds, stocks and cash. II. AIF are regulated together by Reserve Bank of India (RBI). III. AIF means an investment that differs from conventional investments such as debt securities, stocks, etc. Which of the above statement is/are correct?

A I only

B II only

C III only

D I and II only

E II and III only

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