Question

    Who regulates AIFs in India?

    A DIPM Correct Answer Incorrect Answer
    B RBI Correct Answer Incorrect Answer
    C SEBI Correct Answer Incorrect Answer
    D PFRDA Correct Answer Incorrect Answer
    E IRDA Correct Answer Incorrect Answer

    Solution

    AIFs are Alternate Investment Funds. These are privately pooled investment vehicles collecting funds from sophisticated investors (Indian or foreign) and invest in accordance with the defined investment policy. Recently, SEBI approved the introduction of Special Situation Funds (SSFs) as a sub-category under Category-1 Alternative Investment Funds (AIFs). These can invest in only bad debt assets.

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