An AIF is a privately pooled investment vehicle which can comprise Indian and foreign investors. The resources are pooled in the form of a trust and the funds are used for investing in a defined asset class and strategy.
An Alternative Investment Fund (AIF) is a privately pooled investment vehicle which can comprise Indian and foreign investors. The resources are pooled in the form of a trust and the funds are used for investing in defined asset classes and strategies. The minimum investment subscription amount for an AIF is Rs. 1 crore, and units are issued against subscription amounts, similar to units being issued by a mutual fund.
A Cat III or Category III Alternative Investment Fund is a fund which can employ either diverse or complex trading strategies for investing in listed or unlisted securities and derivatives, including use of leverage. The types of funds which may be included under this category include hedge funds or funds which trade with a view to make short term returns or such other funds with no specific incentives or concessions given by the government or regulator. However, Shepherd’s Hill’s Cat III fund is relatively straightforward and does not invest in derivatives or short-term strategies. Cat III AIF is currently the only viable option for investors in India to invest in public securities through a privately pooled vehicle.
Minimum commitment of Rs. 1 cr for Indian, foreign and non-resident Indian (NRI) investors.
Cannot be citizens of, or be any other entity which is registered or incorporated in, Pakistan or Bangladesh.
B5, STC Society, NS Phadke Marg, Andheri (E), Mumbai 400069.
1, Goldfield Plaza, Sassoon Road, Pune 411001.