Venture Intelligence (TSJ Media Pvt. Ltd.)
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AIFs nearing end of lifecycle may get a 2-yr breather: report
The Securities and Exchange Board of India (Sebi) is considering a plan to allow Alternative Investment Funds (AIFs) to extend by two more years the lifecycle of investment products that are set to be wound up Under the current rules, a close-ended AIF can have a fund life of minimum three years and maximum 10 years. However, this 10-year period can be further extended by two more years if the AIF obtains the consent of investors. Sebi is mulling an extension of another two years beyond this, implying a total fund life of 14 years.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.