About AIF

• • Alternative Investment Fund or AIF is a privately pooled investment vehicle, which collects funds from investors, for investing it in accordance with a defined investment policy for the benefit of its investors.
  • AIF does not include funds covered under the SEBI (Mutual Funds) Regulations, 1996, SEBI (Collective Investment Schemes) Regulations, 1999 or any other regulations of the Board to regulate fund management activities.  

• Categories of AIF:

• Category I AIF:

• • • Venture capital funds (Including Angel Funds) 
    • Social Venture Funds 
    • Infrastructure funds 
  • Category II AIF (real estate funds, private equity funds, funds for distressed assets, etc)
  • Category III AIF (hedge funds, private investment in public equity (PIPE) Funds, etc.)
• In India, AIFs are regulated by the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012.