Question
Consider the following statements Alternate Investment
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?Solution
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.
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