NISM Certifications · NISM-Series-X-A: Investment Adviser (Level 1) · Overview of Alternative Investment Funds (AIFs)
Under the SEBI (Alternative Investment Funds) Regulations, 2012, which of the following is the minimum investment an investor must make in an AIF (other than accredited investors-only schemes and angel funds) from a single investor?
The general minimum investment per investor in an AIF is Rs 1 crore. Only employees or directors of the AIF or its manager may invest a lower minimum of Rs 25 lakh. Other amounts such as Rs 10 lakh or Rs 50 lakh are not the prescribed general limit.
- ARs 10 lakh
- BRs 25 lakh
- CRs 1 croreCorrect
- DRs 50 lakh
Explanation
The AIF Regulations prescribe a minimum investment of Rs 1 crore per investor, with a lower limit of Rs 25 lakh for employees or directors of the AIF or its manager. Rs 25 lakh is therefore not the general minimum, and Rs 10 lakh and Rs 50 lakh are not prescribed thresholds.
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