- This sub-category level has been introduced to enable metrics-driven investment decision-making by stakeholders in the fast-growing industry, based on a comparison of equivalent funds.
- The Indian AIF industry continues to grow at a healthy pace, increasing 42% between March 2021 and March 2022 to Rs 6.41 lakh crore.
- These benchmarks have been developed in accordance with SEBI guidelines and in consultation with industry participants.
- Alternative Investment Funds are those funds established in India as privately pooled investment vehicles in order to collect funds from specific investors.
- As per the Securities and Exchange Board of India, AIFS are divided into three categories.
- However, AIF does not include funds covered under the SEBI (Mutual Funds) Regulations, 1996.
Question:
Q.1 Which of the following agency has launched sub-category level benchmarks for Alternative Investment Funds?
a. Ind-Ra b. CRISIL
c. WEF
d. SEBI
