SEBI allows FoFs to make direct bets, relaxes liability for investment committees

By Ranjani Raghavan

  • 10 May 2021
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Credit: Reuters

An Indian fund of funds (FoF) backing private equity or venture capital funds can invest up to 25% of corpus in one portfolio company either directly or through another fund, a notification issued by the Securities Exchange Board of India (SEBI) has said.  Before this, under the Alternative Investment Fund (AIF) ......

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