Monday, 24 April 2017
Last updated 41 min ago
Apr 23 2013 | 12:41pm ET
India's nascent hedge fund industry is growing apace.
The country's Securities and Exchange Board has given approval to 47 alternative investment funds. Most of the new funds received the green light in November, February and March.
SEBI issued the rules creating AIFs a year ago, but had approved only 12 through October.
Among the new entrants to the Indian hedge fund market are Ambit Alpha Fund, Arthveda Alternative Investment Trust, Karvy Capital Alternative Investment Trust, Motilal Oswal Alternative Investment Trust and HDFC AMC Real Estate.