Any fund incorporated or established in India, and these funds are collected from either foreign or Indian sophisticated investors, and which is a privately pooled investment, is known as Alternative Investment Fund .You can read about the Alternative Investment Funds – (AIF): Types, Benefits and Drawbacks in the given link.
Further readings:
- National Investment and Infrastructure Fund (NIIF) – Established for Infrastructure Projects
- Sovereign Gold Bond Scheme [UPSC Notes GS-II]
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