Top funds make a beeline to set up AIF at Gujarat GIFT City

MUMBAI: At least half a dozen entities, including Kotak Mahindra Capital, ASK Investment Advisories, Avendus Group and Multiples Alternate Asset Management, are planning to set up Alternative Investment Funds (AIF) in the Gujarat GIFT City.The funds are expected to anchor in the international special economic zone that offers relaxations to investors, unlike the local arena. They will gradually raise money for AIFs from global institutions only