Alternative investments funds regulations by sebi
Shiv Raaj Ratnam
(Querist) 31 January 2013
This query is : Resolved
Alternative Investment Funds conglomeration
Funds of following nature to be based in
Russia , Ukraine , Bangladesh , Israel , Mauritius ,UAE and India for investment in the following sectors in India.
· Reality Fund ( in the developed real estate )
· Infrastructure Funds ( in power projects)
· Sports Fund (in the development of sports and sports infrastructure )
· Venture Capital Fund ( providing seed capital to new corporate entities)
· Media Fund ( providing funds to cinema ,electronic media )
These shall be closed ended Alternative Investment Funds with fixed return of 200 % money in 5 years .It shall be free from market risks as it shall be backed by additional collateral security 100% on investment and 100% on returns . So for an investment in the Fund with 100 crores there shall be exclusive mortgage of land valued at 200 crores .
So it is going to be fixed income fully secured investment .
The salient features of this Fund is it shall have a Board of Governors from India and abroad who shall be internationally acclaimed economists , bankers and finance experts .It shall be registered in these countries with same name .Inflow of money from abroad into India will boost the economy to a great extent .The funds shall not be used to finance any project of the international sponsor in India.
What impact do you see on the economy of India and what concessions and incentives can the SEBI give to such an initiative ?
ajay sethi
(Expert) 31 January 2013
academic query
R.K Nanda
(Expert) 31 January 2013
academic query only.
Raj Kumar Makkad
(Expert) 08 February 2013
No need to entertain purely academic query not directly related with the querist.