Private Equity & VCIntermediate

AIF

Alternative Investment Fund

A SEBI-regulated pooled fund in India for private equity, venture capital, hedge funds and similar strategies.

Detailed explanation

AIFs are grouped into Category I (VC, angel, SME, infrastructure), Category II (PE, debt funds) and Category III (hedge-fund style). They are meant for sophisticated investors with high minimum investments.

Why it matters

Most Indian PE and VC funds are structured as AIFs.

Key points

  • Three categories.
  • High minimum ticket size.
  • Regulated by SEBI (AIF) Regulations, 2012.

Related terms

Private EquityVenture Capital

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Educational content only. Definitions and examples are illustrative and are not investment, tax or legal advice.