Alternate Investment Funds
WHAT IS AIF?
AIF as an investment vehicle which pool in private funds for investing in real estate, private equity and hedge funds. AIFs are primarily aimed at high net worth individuals, institutional and corporate customers with minimum INR 1 Crore commitment.
Types of AIFs
AIFs are categorized into the following three categories, based on their impact on the economy and the regulatory regime intended for them:
Digital Wallet with free Virtual card and UPI which can be used to send/receive money, mobile/DTH recharge, pay bills and much more
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