What is an Alternative Investment Fund (AIF) ?
An AIF is a SEBI registered and SEBI compliant Alternative Investment Fund, that manages privately pooled investment to generate returns.
How is AIF different from Mutual Fund ?
An AIF invests in alternative asset classes such as Equities (listed and unlisted) , Derivatives, Bonds, Real Estate, Commodity, etc. and incorporates diverse strategies to generate return while mutual fund primarily invests in stock and bonds.
Who is an Investment Manager (IM) ?
An investment manager in an AIF is a person or entity appointed to manage the fund’s investments.
Do you invest in derivatives ?
As permitted by law and under SEBI guidelines fund is allowed to invest & take exposure in derivatives.
Do you take Intraday Positions ?
Our fund is designed for a long term perspective and investments are in accordance with the objectives of the scheme.
What is the meaning of High-water mark ?
A high-water mark is the highest value (Highest NAV) an investment fund has ever reached.
What fees can an IM charge from its clients ?
IM charges a fee as per the agreement with the client.
How frequently will I be updated on my account position (NAV) ?
Investors will get a monthly update of NAV.
Can an IM offer indicative or guaranteed returns ?
SEBI prohibits the IM from guaranteeing or indicating any return.
What’s my tax liability ?
AIF (Category III) is taxed at the fund level on income, including capital gains, dividend, and interest. The amount received by the investors at the time of redemption are not taxed again in the hands of the investor.