The seven AIFs registered with SEBI includes IFCI Syncamore India Infrastructure Fund, Utthishta Yekum Fund, Indiaquotient Investment Trust, Forefront Alternate Investment Trust, Excedo Realty Fund, Sabre Partners Trust and KKR India Alternate Credit Opportunities Fund
The approval has been given to all the seven AIFs by the SEBI in a period of less than one month, as per the information available with the market regulator.
SEBI had notified its guidelines in May for AIFs, which are funds established or incorporated in
As per SEBI data, six AIFs have got registered with the regulator during August 2012, while one was granted registration on 23rd July.
In a board meeting held yesterday, SEBI had decided that the promoters of listed companies can offload 10% of equity to AIFs such as such as SME Funds, Infrastructure Funds, PE funds and Venture Capital Funds registered with the market regulator to attain minimum 25% public holding.
Under SEBI guidelines, AIFs can operate broadly in three categories and it is mandatory for them to get registered with the regulator. The SEBI rules apply to all AIFs, including those operating as private equity funds, real estate funds and hedge funds, among others.
The seven AIFs that have got registered with SEBI include IFCI Syncamore India Infrastructure Fund, Utthishta Yekum Fund, Indiaquotient Investment Trust, Forefront Alternate Investment Trust, Excedo Realty Fund, Sabre Partners Trust and KKR India Alternate Credit Opportunities Fund.
The Category I AIFs are those funds that might get certain incentives or concessions from the government, SEBI or other regulators in
The Category III AIFs are those trading with a view to make short term returns and include hedge funds, among others.
The Category II AIFs are those funds which can invest anywhere in any combination but are prohibited from raising debt, except for meeting their day-to-day operational requirements. These AIFs include PE funds, debt funds or fund of funds, as also all others falling outside the ambit of Category I and Category III.
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