SEARCHED FOR:ALTERNATE INVESTMENT FUND
Centre, IRDAI making plans to float $2 billion alternative investment fund for startups
Both the central government and the Insurance Regulatory Development Authority of India (Irdai) are involved in the formation of this fund and they are looking to make special changes to various laws including the insurance regulations.
Stamp duty to be applicable to alternative investment funds: Sebi
Registrars to an issue and share transfer agents(RTA) appointed by AIFs wou...
Alternative investment funds seek clarifications on Chinese block
Chinese investors — strategic and financial — pumped in an estimated $4 bil...
CBDT notifies new rules for foreign investors of AIFs operating in IFSC
The board exempted foreign investors of AIF category I and II from requiring PAN if the fund deducts tax from their income and details of the investor’s name, address, country of residence and Tax Identification Number of the investor’s territory of residence is provided to the fund.
Asset management companies eyeing stuck real estate projects to invest
Experts said this is the right time for asset management companies to create a better ecosystem of funds when liquidity support from major financial institutions and non-banking financial companies has dried up.
Investors may get to vet angel fund investment
Angel funds are a part of Alternative Investment Funds(AIFs) that typically cater to wealthy investors with a minimum ticket size of Rs 1 crore.
Investors uneasy over RBI stand on round tripping
Many investors have reached out to the RBI claiming that the regulation is creating a spectre of harassment.
India is mulling a new way to bring its bad loan burden under control
India is mulling a new category of alternate investment fund to bring its bad loan burden under control.
DPIIT to seek nod for startup credit scheme, seed fund
Since the launch of the Startup India initiative on January 16, 2016, the DPIIT has recognised 28,979 startups as of March 1, 2020. Of these, 27,137 startups employed around 337,000 people.
House panel for abolition of LTCG tax on investments in startups
India's startup sector welcome the recommendation of abolishing long term capital gains (LTCG) in startup investments.
Realty fund of Rs 12,500 crore may be fully deployed in two years
The fund has already given its final approval for 2 projects — one each from Mumbai and Bengaluru — for disbursement. These projects comprising 1,800 houses stuck in various stages of completion which will provide homes to around 9,000 people.
Govt AIF to ensure complete control of funds' end use, no diversion: SBICAP Ventures
The AIF is taking various steps to ensure complete control of the disbursement of funds, the end use and to avoid any diversion of funds. The fund will also be conservative in assessing the cash inflows on account of receivables and fresh sales while assessing the funding requirements and this is expected to provide a degree of cushion in the funding.
AIF hopes to unlock Rs 26,000 Cr stuck in stalled housing projects
The alternative investment fund is taking multiple steps so that it has complete control of the disbursement and the end use of the funds. This is to ensure that there is no diversion of funds. The fund appoints a project management company and quantity surveyors to keep a track of site-level expenses.
Hedge funds record slowest growth in inflows on higher tax
It has seen the slowest half-yearly growth in investments made during the July-Dec period of 2019.
LIC Housing Finance refers 15 stuck infra projects to AIF
In November last year, the government announced the setting up of a Rs 25,000-crore AIF to provide relief to developers to complete unfinished projects. This was necessitated after several housing projects were left unfinished due to the unfavourable growth environment and a funds squeeze. Mohanty said that growth is finally reviving.