Eight new players have shown their interest in launching category III AIFs. The latest SEBI data shows that players like Motilal Oswal and Tiger Ventures have sought SEBI’s approval to launch category III AIFs.
Financial advisory firms including Jain Investments and Anand Rathi have also sought SEBI’s approval. At present, Jain Investment has more than 3000 clients with a mix of HNI and retail clients. Similarly, Anand Rathi offers wealth management services to corporates, HNIs, and mass affluent.
Other players in the queue to seek SEBI approval to launch category III AIFs include YSL Alternates, Stelios India Opportunities Fund, Ashika Alternative Investments, Monarch AIF and Pace 360 Investment Trust.
Category III AIFs more popularly known as hedge funds employ diverse or complex trading strategies and undertake leverage to a great extent.