NEW DELHI: Providing a fresh
avenue for foreign investors, the government today announced allowing overseas
investments in Alternative Investment Funds (AIFs) -- a new class of pooled-in
investment vehicles for real estate,
private equity and hedge funds, among others.
"Keeping in view the need to
increase investments from all sources, I propose to also allow foreign
investments in Alternate Investment Funds," Finance Minister Arun Jaitley
said while Presenting the Budget for 2015-16 in the Lok Sabha.
AIFs, which have been so far
facilitating domestic investments, are funds established or incorporated in
India for the purpose of pooling in capital from Indian investors for investing
as per a pre-decided policy.
Commenting on the proposal,
Equirus Capital Managing Director Ajay Garg said: "It will help NRI and
institutional participation which constitutes a big segment of investors being
targeted by the AIF. But the big challenge on tax treatment to avoid double
taxation for investors in AIF has not been addressed."
"Overseas investors may show
interest but it will depend on the fineprint whether such investors will get
any tax benefit or not," Quantum AMC, Head-Fixed Income, Murthy Nagarajan
said.
Under Sebi guidelines, AIFs can
operate broadly in three categories. The Sebi rules apply to all AIFs,
including those operating as private equity funds, real
estate funds and hedge funds, among others.
The regulator in May 2012,
notified the guidelines for this new class of market intermediaries.
The Category-I AIFs are those
funds that get incentives from the government, Sebi or other regulators and
include Social Venture Funds, Infrastructure Funds, Venture Capital Funds and
SME Funds.
The Category-III AIFs are those
trading with a view to making short-term returns and it includes hedge funds,
among others.
The Category-II AIFs can invest
anywhere in any combination but are prohibited from raising debt, except for
meeting their day-to-day operational requirements. These AIFs include private
equity funds, debt funds or fund of funds, as also all others falling outside
the ambit of two other categories.
Here is the Some Best
Investment Projects TDI
Kingsbury-Sonipat | TDI
City-Kundli Sonipat
14 comments
Nice read, very informative. thanks Villas in Bangalore
very useful post,thank you
for residential projects in chennai contact us at purvankara for the best deals.
Very informative post..I also have some information to share about flats in Greater Faridabad.
nice blog..check out property in Greater Faridabad
Good Post........
Airwil has launched its new project Airwil Wow Studio Apartments. it is offering the world class Retail Shops which are fully loaded with high qualitative amenities and luxurious features in Ghaziabad at Mohan Nagar. Call @9278-777-000"/>
Get Detailed Info Here-: Airwil Wow Studio Apartment
good post...To find the better place in business, a business man requires very powerful commercial space in this as the competition has made this only way to survive in the market.
Get Detailed Info Here- Business Park.
Fantastic blog, all the details are very sorted out. It will help people interested in the particular field. Will surely refer this to my friends who are willing to purchase 1bhk flats for sale in Ghatkopar
Investment is a big factor. A very nicely represented blog and was looking to invest in property. I found it very nicely written up and was looking for hotels in Kashmir to stay and after staying there for a few days I can tell that the place was awesome. So, one of my friend wanted some descriptive information about flats in Kashmir and I will recommend this blog which might help him.
Investment is important in each and every respect. A very nicely represented blog. I found it very nicely written up and was looking to book luxurious suite and it was very helpful. It’s an awesome feeling after travelling for a long and hard day you get to relax in a luxurious suite.
Nicely written blog. It’s superb to see the details of real estate from the blog. But I wanted to rent a room in Canada. Canada seems to be a very cold place so we need clothes like Canada Goose Paris, Cheap Canada Goose, Canada Goose Paris Cheap jackets. Hope to buy one of them soon.
Great Blog !! Thanks for sharing good information it is amazing to see the details of Real Estate from the blog. Real Estate Property Developersand Real Estate India is expanding in all big city of India. Government of India have mission also smart city in many states of India.
Post a Comment