India Infoline gets SEBI's nod for its AIFs
India Infoline Limited (IIFL), one of the leading players in financial services, has received approval from Securities and Exchange Board of India (SEBI) for launching its Alternative Investment Funds (AIFs).
As part of the various asset management bouquets of product(s) offered by the IIFL Group, IIFL now will be additionally offering alternate asset investment products, by launching various schemes, in due course.
R Venkataraman, MD of IIFL said " We are delighted to receive the approval from SEBI for all the three categories namely, IIFL Venture Fund (Category I Venture Capital Fund), IIFL Private Equity Fund (Category II) and IIFL Opportunities Fund (Category III), of Alternative Investment Funds." IIFL believes that the newly opened up sector of pooled investment vehicles through AIFs under the regulatory ambit of SEBI's AIF Regulations provide enormous opportunities for providing fund management and advisory services to the growing High Networth Individuals (HNI's) and corporate segment, Mr Venkataraman added in a statement.