Key Points
MUMBAI: RBI has relaxed its earlier norms on alternate. to make full provisions for their investments in. if the fund invested in a company that the bank lent to...
Under the revised norms, provisioning is required only for the portion of the bank or finance company's investment in the AIF scheme that is further invested in the debtor company, and not the entire investment in the AIF scheme as required earlier...
The industry is debating as to whether they would need to convert all their hybrid secured to equity to allow REs to stay invested in their funds," said Siddarth Pai, co-chair, Indian Venture and Alternate Capital Association..
You might be interested in
AIFs reject early exit pleas from banks, plan for 'defaults'
28, Jan, 24AIFs in India are rejecting 'early exit' requests from banks and finance companies due to new rules. They are now considering how to handle these investors as they default on 'capital calls' from funds. AIFs may impose penalties on banks and NBFCs falling short of their original commitments. They may also cap investments, make exceptions for affected investors, and preserve relationships. The RBI's recent regulations conflict with the AIF regulatory regime, creating a need for urgent resolution. Investors and AIFs are exploring ways to avoid the regulatory restrictions.
FUND OF FUNDS: Where is your FoF investing?
09, Apr, 23To get LTCG benefit, 90% of FoF’s assets should be equity shares via ETFs.
What should you do to consolidate your mutual fund portfolio this Diwali? MintGenie explains
11, Nov, 23Simplifying your investments involves aligning them with your financial goals. The process of streamlining your investment portfolio can be time-consuming, as it requires several steps to initially declutter and subsequently consolidate your mutual fund holdings.
RBI cracks down on alternative investment funds misuse
20, Dec, 23India Business News: RBI bars lenders from investing in AIF schemes to prevent 'evergreening' of loans. Evergreening refers to extending a new loan to repay an older debt.