Question

What is the definition of AIF (Alternative Investment Fund)?

a.

Any fund established in India in the form of a company

b.

Any fund established in India in the form of a trust, company, limited liability partnership, or a body corporate

c.

Any fund established outside India in the form of a trust

d.

Any fund regulated by SEBI (Mutual Funds) Regulations, 1996

Answer: (b).Any fund established in India in the form of a trust, company, limited liability partnership, or a body corporate Explanation:AIF is defined as any fund established in India in the form of a trust, company, limited liability partnership, or a body corporate.

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Q. What is the definition of AIF (Alternative Investment Fund)?

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