Omantribune
Oman Tribune
Omantribune
Omantribune Search News
Web Oman
    Google Search Button
      Tribune
- Oman
- Soccer World Cup
- Other Top Stories
- Middle East
- Business
- Sports
- India
- Pakistan
- Asia
- Europe
- Americas
- Columnists
- Editorial
- Oman Mirror
- Special Features
- Cinema
- PDF Pages
- Weather
- Travel
- Currency Rate
- Hospitals
- Pharmacies
- Services
- Flight Timings
- Museum Timings
Omantribune Home Omantribune About Us Omantribune Advertising Information Omantribune Archives Omantribune Subscribe-Form Omantribune Jobs Omantribune Contact Us
Friday, October 31, 2014  

100 entities get Sebi nod to set up alternative funds to invest in India
MUMBAI Market regulator Sebi has allowed as many as 100 entities to set up AIFs - newly created class of pooled-in investment vehicles for real estate, private equity and hedge funds - in less than two years.

The 100 Alternative Investment Funds (AIFs) have been registered with Sebi since July 2012.

Out of this, around 11 entities got market regulator’s approval to operate in the country so far this year, 67 in 2013 and the remaining 22 in 2011.

The AIFs that have registered with Sebi included Religare Credit Investment Trust, Indian National gems Fund and Milestone Alternative Asset Fund.

The regulator had notified in May 2012, the guidelines for this new class of market intermediaries. AIFs are basically funds established or incorporated in India for the purpose of pooling in capital from Indian and foreign investors for investing as per a pre-decided policy.

In August last year, Sebi decided that the promoters of listed companies can offload 10 per cent of their equity to AIFs such as such as SME funds, infrastructure funds, PE funds and venture capital funds registered with it so as to meet the norm of having a minimum of 25 per cent public holding.

Under Sebi guidelines, AIFs can operate broadly in three categories. The Sebi rules apply to all AIFs, including those operating as private equity funds, real estate funds and hedge funds, among others.

The Category-I AIFs are those funds that get incentives from the government, Sebi or other regulators and include Social Venture Funds, Infrastructure Funds, Venture Capital Funds and SME Funds.

The Category-III AIFs are those trading with a view to making short-term returns and it includes hedge funds, among others. The Category-II AIFs can invest anywhere in any combination but are prohibited from raising debt, except for meeting their day-to-day operational requirements. These AIFs include private equity funds, debt funds or fund of funds, as also all others falling outside the ambit of two other categories.

Agencies
NEWS UPDATES
Oman
Sunaidy, Rajnath sign judicial, legal cooperation agreement
Fair trial forum starts today
Pinda meets investors, promotes Tanzania
SQMC cadets get training with live ammunition
Six housing deals inked
Selection for HM Award set to start
Other Top Stories
White House computer system breached
US government buildings put on high terrorism alert
Iraq army closes in on militia-held Baiji refinery
Rocket to ISS explodes on liftoff
Obama calls on Americans to help check Ebola
Middle East
Violence pushes Libya to point of no return: UN
24,000 Gaza workers get pay in boost to Palestinian unity
Hezbollah dug tunnels to Israel, says army general
House rejects Rowhani nominee for minister again
Business
No need to panic, feels Opec
India retains top slot in most confident consumer market: Nielsen
Indian banks’ soured loans rise to 3-year high
Japan factory output records biggest jump in eight months
Japan factory output records biggest jump in eight months
Sports
Mario finally breaks goal drought
Enrique unaware of Messi’s painkiller
Relief for Dortmund as they cruise through
Proud father Djokovic progresses
Spurs scrape one-point win over Mavs

Sports


International

© 2013 Oman Tribune. All rights reserved. Best viewed in 800 X 600 resolution