Category III AIF against PMS and mutual funds on pooling, minimum investment, corpus, lock-in, investor cap and manager commitment, with full comparison tables.
Author: Taxmann
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that's easy to read and remain consistent across all imprint and digital publications are applied
The SEBI benchmarking mandate for AIFs: who must report, the half-yearly operational guidelines, the benchmarking agencies, how each category is benchmarked, valuation reporting timelines and the CAPM alpha computation.
The six AIF pooling structures used in India, compared on pooling vehicle, applicable regulations, investor type and routing of investment, with the LRS limit, feeder fee mechanics and buy-out structures.
How an investor runs due diligence on an Alternative Investment Fund: evaluating the Investment Manager, track record and disciplinary history, the key man clause, the legal documents, conflicts of interest and a working document checklist.
How AIF portfolio investments are valued and NAV computed: three valuation approaches, the seven IPEV methods, Regulation 23 frequency, independent valuer eligibility and the 20 percent and 33 percent deviation triggers.
What an AIF’s Private Placement Memorandum must disclose, how it is filed through a merchant banker, the annual PPM audit scope and exemptions, and material changes.
How Alternative Investment Fund returns are measured: gross and net IRR, the J curve, the PIC, DPI, RVPI and TVPI multiples, KS-PME, Direct Alpha and Sharpe.
How AIF fees actually work: management fees, hurdle rate, high-water mark, catch-up, clawback and the distribution waterfall, set out with Indian market figures.
Table of Contents 1. Meaning … Continue reading “Accounting – Meaning and its Basic Concepts”
Sovereign Gold Bond Scheme 2020-21: … Continue reading “All about Sovereign Gold Bond Scheme 2020-21”
CA | CS | CMA