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Sebi amends AIF rules for investors
Mint Mumbai
|November 22, 2024
Markets regulator Sebi has amended alternative investment funds (AIF) rules directing them to grant investors' rights in investment and distribution of proceeds in proportion to their commitments in a scheme.
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In simple words, risks as well as rewards from investments made by an AIF scheme need to be shared in proportion to investors' contributions to the scheme. This is aimed at clarifying the reg
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