NISM Certifications · NISM-Series-X-A: Investment Adviser (Level 1) · Overview of Alternative Investment Funds (AIFs)
Under the AIF Regulations, what is the minimum investment amount a investor must make in an AIF (other than an accredited investor-only scheme and angel fund exceptions)?
The minimum investment per investor in an AIF is Rs 1 crore. Lower amounts such as Rs 25 lakh apply only to special cases like employees or directors of the manager and angel funds, so Rs 1 crore is the general rule.
- ARs 10 lakh
- BRs 1 croreCorrect
- CRs 25 lakh
- DRs 5 crore
Explanation
The regulations prescribe a minimum investment of Rs 1 crore per investor in an AIF scheme. Lower limits apply only to specific cases such as employees or directors of the manager (Rs 25 lakh) and angel funds (Rs 25 lakh). Rs 10 lakh is not the general minimum.
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