Alternative Investment Fund

Recently, the Union Cabinet has approved the creation of an Alternative Investment Fund (AIF) to provide last-mile funding for stalled affordable and middle-income housing projects across the country. Consider the following given statements about the AIF:

  1. In India, AIFs are defined in Regulation 2(1) (b) of Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012.
  2. AIF can be established in the form of a company or a corporate body or a trust or a Limited Liability Partnership (LLP).
  3. Private equity or venture capital, hedge funds, real property, commodities, and tangible assets are all examples of alternative investments.

Choose the correct answer from the codes given below:

1 and 2
2 and 3
1 and 3
1, 2 and 3