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Which of the following is not an Alternative Investment Fund?
SEBI introduced AIF (Alternative Investment Fund) Regulations in 2012. Some funds are specifically excluded from the purview of AIF regulations. Which of the following is not excluded?
Alternative Investment Fund (AIF) is a privately pooled investment vehicle incorporated in India which collects funds from sophisticated, high-networth investors. A few statements regarding AIFs are given below:
Statement 1: AIFs are classified into three categories: Category I, II & III.
Statement 2: A manager and sponsor of an AIF can be the same person.
Statement 3: An AIF can be established in the form of company or LLP only.
Which of the following statements is/are incorrect?
SEBI has classified Alternative Investment Funds (AIFs) into three categories. Consider the below statements regarding categories of AIFs.
Statement 1: Category I & II funds cannot undertake leverage or borrow for long term whereas Category III funds can use leverage.
Statement 2: Category I funds can launch only close-ended schemes whereas Category II & III funds can launch both open-ended as well as close-ended schemes.
Statement 3: The minimum tenure of schemes launched by Category I & II funds has to be 3 years.
Which of the above statements are incorrect?
A few statements related to provisions regarding investment in Alternative Investment Funds (AIFs) are given below. Which of the following statements is incorrect?
Consider the statements given below regarding Alternative Investment Funds (AIFs).
Statement 1: Sponsor or Manager of a Category III AIF needs to appoint a custodian irrespective of the size of corpus of AIF.
Statement 2: Angel Funds are registered under Category III of AIFs.
Statement 3: an AIF can launch a scheme only after filing placement memorandum with SEBI.
Which of the following statements in incorrect?
Securities Market - Alternative Investment Funds
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