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:
- In India, AIFs are defined in Regulation 2(1) (b) of Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012.
- AIF can be established in the form of a company or a corporate body or a trust or a Limited Liability Partnership (LLP).
- 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