In this Category – AIF called VCF who invest in start-ups with high growth prospects, AIFs who are known as angel investors who invest in budding start-ups which is not usually fund by venture capital investors, and AIFs called social venture investors who actively invest in socially responsible business.
Alternate Investment funds is unconventional type of investment which collects funds from sophisticated investors either from India or Foreign to investment in accordance with the defined investment policy.
This AIF doesn’t include the funds cover under SEBI. AIF can form as a Company which required according to AIF regulations. SEBI has been declared different categories for applicant to register as AIF.