Question

What type of funds fall under Category II - AIF?

a.

Funds investing in start-up projects

b.

Funds employing diverse and complex trading strategies

c.

Funds not falling in Category I & III and not undertaking leverage or borrowing except for day-to-day operational requirements

d.

Funds investing in listed and unlisted derivatives

Answer: (c).Funds not falling in Category I & III and not undertaking leverage or borrowing except for day-to-day operational requirements Explanation:Category II - AIF funds do not fall in Category I & III of AIF and do not undertake leverage or borrowing except for day-to-day operational requirements, including PE funds and Debt Funds.

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Q. What type of funds fall under Category II - AIF?

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