9(Alternative Investment Fund) Flashcards
1
Q
what is it
A
Fund established based on prvt pooling of funds from both domestic and foreign investors
2
Q
Is it defined under RBI
A
Nope, it is defined by SEBI Act
3
Q
How many type of AIF exist
A
1 Cat 1=For startups and socially viable projects
2 Cat 2=For investment in debt and security
3 Cat 3=Investment in short term returns
4
Q
why in news
A
Govt has created AIF for real estate sector
5
Q
it is which type of fund
A
Cat 2 AIF
