ALTERNATIVE INVESTMENT FUNDS (AIFs) Basics, Timeline & OthersIntro to AIF A form of a privately pooled investment vehicle. Collective investments are made into different non-traditional investment options e.g. Private Equity, Startups, Venture Capital etc. Registered & regulated by SEB! in India. Formed as Trust (>95% cases), LLP, Body Corporate. Minimum corpus size INR 20 Cr (Except Angel Funds-5 Cr). Minimum investment size 1 Cr (Except for Angel funds-25 lakhs). Minimum tenure-3 years + extendable by 2 years. Close to 1000 AIFs registered in India as on date. *As of the end of March 2023, alternative Rosai funds (AIFs) in India had attracted a total commitment of aeprxinaiey 100 billion, with a corpus of approximately billion having been investedGeurgiamian ADVISORS Structure of AIF Investment Manager (IM) Investmein-fanagement Agreement (Trust Deed) —_=D (Carry units/distribution) STte) foro) rieGB dugain ADVISORS Category Selection: 1/3 Category | Category Il Category Ill 2 eed Se re) Deployment Std ead stead - rere) Debt instruments Seed of Funds Eee ens freee eee ns preter te oy Sree Coie ey rr eeeina ed Private and Confidential 4dugain ADVISORS Category Selection: 2/3 Category | Category I! Category Ill Diversification Cee ea! Sel Continuing (anes Interest of = Sponsor [iiisieadttareae (Promoters) [iPspepeamaa vate and Conkseniah 5.dugain ADVISORS Category Selection: 3/3 Category | Category I! Category Ill SEBI Registration Fees Investments made as per (J— SEBI-dataTimeline of Registering AIF FIRST STEPS CREATION REGISTER + Appoint conitant + Investment Management + Recep of Approval from SEBI + Engagement eteragrement ‘Agreement (MA) + Pay appical registration fees + Appointment of trustee + vate Placement Memorandum a er category applied + Register tust i) + Application for PAN card + Payment of application fees «Preparing form for eistation FUNCTION APPOINT APPLY «Aoi ta cout + Poly with SEI + Peparen of © Apointcstian + nneing quis of SEB Cntration Agent + Aponte banker «Readies. + Axpont RTAGB Geurgiamian ADVISORS Documents Required We would be collecting & creating following documents for submission: + Details of registered addresses such as name, * Business strategies and applicant address, etc’ investment plans: ‘il + Details of Business Plan an: + Name and Contact details of applicant such as. Pe re eee ee teed contact number, E-mail Id, residential address + Objective of the fund * Trust deed, in case AIF is a trust « Investment style/ strategy of the fund. Geer + Tenure of the Fund or scheme eae OF the Placement memorandum + The target industries/ Sectors, if any Self-declaration by the members pines tcorts + Financial statements of the previous years | The target category Investors + Sponsor are registered with the Board or not. . ropa ea structure & profit + Previously registered AIF by the sponsors. eee moan co pert * Past work profile of key investment team of the + Any past regulatory proceeding Investment manager. against the sponsors.