AIF does not include funds covered under the SEBI (Mutual Funds) Regulations, 1996, SEBI (Collective Investment Schemes) Regulations, 1999 or any other regulations of the Board to regulate fund management activities. What is the minimum investment amount required for an Alternative Investment Fund (AIF) in India?
1
₹10 lakh
2
₹25 lakh
3
₹45 lakh
4
₹50 lakh
5
₹1 crore