The Securities and Exchange Board of India (Sebi) is likely to relax rules for investing in alternative investment funds (AIFs) on the suggestions of an expert panel headed by Infosys founder NR Narayana Murthy, said sources close to the development.
A decision is likely at Sebi’s board meeting scheduled for May 20.
AIFs are funds established or incorporated in India for the purpose of pooling capital by Indian and foreign investors for predetermined investing. The rules apply to all AIFs, including those operating as private equity funds, real estate funds and hedge funds.
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