The Securities and Exchange Board of India (SEBI), India’s stock exchange regulatory body, is reportedly planning to raise the minimum ticket size for Alternate Investment Funds (AIFs) from INR 1 Cr to INR 5 Cr.
According to a Financial Express report citing sources, the move will be made in light of a recent increase in disposable incomes and the number of HNIs (high-net-worth individuals) entering the alternative investment space. The development comes three months after private equity and venture capital funds approached SEBI urging to relax co-investments norms in alternative investments space. In August, the regulatory body considered extending the lifecycle of near-end AIFs by two years, bringing the cycle to 14 years.
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