Consider the following statements about Alternative Investment Funds AIF in India 1 It does not come...........

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Consider the following statements about Alternative Investment Funds (AIF) in India

1.It does not come under the jurisdiction of any regulatory agency in India.

2.One AIF can float several schemes.

3.Mutual funds and family trusts are the examples of AIF.

Which of the statements given above is/are correct?

1 only

1 and 2 only

3 only

1, 2 and 3

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Explanation:

1 and 2 only

The statement "It does not come under the jurisdiction of any regulatory agency in India" is incorrect. Alternative Investment Funds (AIFs) in India are regulated by the Securities and Exchange Board of India (SEBI). SEBI is the regulatory authority that oversees the functioning and operations of AIFs to ensure investor protection and market integrity.

The statement "One AIF can float several schemes" is correct. A single AIF can indeed launch multiple schemes, each with its own investment objectives and strategies.

The statement "Mutual funds and family trusts are examples of AIF" is incorrect. Mutual funds and family trusts are separate entities and are not examples of Alternative Investment Funds. AIFs are a distinct category of pooled-in investment vehicles that operate differently from mutual funds.

Therefore, the correct answer is 2 - 1 and 2 only.