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Question

Q. Which of the following statements are incorrect with reference to 'Alternative Investment Funds'?

Choose the correct answer from the code given below:


A
1 and 3 only
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B
2 only
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C
1 and 2 only
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D
None of the above
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Solution

The correct option is B 2 only

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.


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