NISM Certifications · NISM-Series-XXI-A: Portfolio Management Services (PMS) Distributors · Collective Investment Vehicles
A Category III Alternative Investment Fund (AIF) has a corpus commitment from an investor. Which is the minimum investment amount per investor generally applicable to AIFs under SEBI regulations (other than accredited investors and certain employees/directors)?
Under SEBI's AIF Regulations the minimum investment per investor is ₹1 crore, with a lower threshold of ₹25 lakh only for employees or directors of the AIF or its manager. Other lower amounts are not the general minimum.
- A₹1 croreCorrect
- B₹10 lakh
- C₹25 lakh
- D₹50 lakh
Explanation
SEBI AIF Regulations prescribe a minimum investment of ₹1 crore per investor, with relaxations for employees or directors of the AIF or manager (₹25 lakh). The lower options are not the general minimum.
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