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SEBI Allows 73 Alt. Funds to Operate in India

Aug 28, 2013
Jing Chen

India’s regulator has allowed a total of 73 alternative investments funds to set up in the country since last year.

The Hindu reported that the Securities and Exchange Board of India gave permission for 49 AIFs to set up shop in April, and the number jumped by 24 since then.

The article said some of the AIFs that have registered with SEBI include KKR India, Arth Capital, Landmark Opportunity Fund, HBS Raksha Movies, Tata Alternative Investment Fund, Monsoon Alternative Investment Trust, DSP Blackrock Alternative Investment Fund and Edelweiss Alternative Investment Trust.

India is the latest country in Asia to allow alternative investment firms and hedge funds to operate more freely within its borders, following China and South Korea.

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