Q. Which of the following statements are incorrect with reference to 'Alternative Investment Funds'?
Choose the correct answer from the code given below:
Explanation:
Statement 1 is correct: Alternative Investment Funds (AIF) are those funds created or established in India as a privately pooled investment vehicle in order to collect funds from specific investors as per a previously defined investment policy.
Statement 2 is incorrect: Securities and Exchange Board of India (SEBI) regulates AIF.
Statement 3 is correct.