AIFs are specialised investment products that are tailor-made for ultra-high-net-worth individuals and they invest predominantly in unlisted securities. Venture capital funds and private equity funds are sub-types of AIFs.
Sebi plans simpler rulebook for stock exchanges, doing away with obsolete provisions
Sebi is simplifying stock exchange rules to boost business ease. The regulator plans to consolidate multiple circulars into a single master document, removing outdated provisions