News & Media 9th Aug 2024
The Alternative Investment Fund (AIF) industry, especially the Category 3 funds community, has become a worried lot ever since the Securities and Exchange Board of India (SEBI) came out with a discussion paper, proposing a ‘New Asset Class’. While it is believed that the proposed new asset class could be a game-changer by pulling away investors from unregistered and unauthorized investment products, there is also talk among Category 3 AIF managers that a potential tax advantage could lead to some of their investors routing a part of their money towards the new option.
To encapsulate on this, Srushti Vaidya from moneycontrol.com writes on “SEBI’s new asset class proposal has made Cat 3 AIFs a worried lot” with expert comments from our Partner Dipesh Jain.
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