Category-III AIFs increasingly forego lock-ins, turn to open-ended schemes

Majority of funds now open for subscription have no lock-in

Topics
AIF | Hedge funds | ultra high networth individuals

Sachin P Mampatta  |  Mumbai 

Sophisticated investment funds for the rich are increasingly foregoing mandatory lock-ins amid a drop in inflows. These category-III alternative investment funds (AIFs) increasingly allow investors to withdraw their money at will even as clients express preference for higher liquidity amid the uncertainties caused by Covid-19.

Each fund has a minimum investment of at least one crore rupees. Around 20 out of the 28 category III AIFs which have subscriptions open for investors currently, for which data is available, fall in the open-ended category, shows an analysis of data from industry ...

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, April 23 2021. 18:55 IST
RECOMMENDED FOR YOU
.