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Concentration norm to be relaxed for the new sub-category of Category-I AIF.

The commitment was raised within 3 months, claims the AMC.

Ashish will replace Nitin Jain.

Currently, MFDs are allowed to sell PMS till the validity of their ARN.

This HNI only category offered by most fund houses has witnessed a decline in commitment raised for a few consecutive years.

The company aims to raise Rs.500 crore.

So far, only AIFs are allowed to invest in other schemes in fund of funds structure.

The AIF industry’s AUM grew by 27% in terms of commitment raised in one year.

The market regulator has also asked PMS players to disclose details of services offered.

Take a look at the key changes that transformed the PMS/AIF industry.

The investment committee is responsible for making investment processes & decisions and defining role of fund managers.

Industry experts say that HNIs still prefer investing in PMS through distributors/advisors as they offer a wider set of services like negotiating profit sharing with PMS players and assigning power of attorney.

Both the companies have applied with SEBI to issue InvITs units.