Get direct access to AIFs soon, and at a lower fee as well

India's Securities and Exchange Board has unveiled a series of reforms for the Alternative Investment Fund sector, which includes new disclosure norms and direct investor access. The reforms, which will come into effect on 1 May, aim to increase transparency, curb mis-selling and enable direct investor access without intermediaries. AIFs require a minimum investment amount of INR10m ($136,000) and are predominantly driven by the distribution model. The AIF sector grew at the fastest rate of 50% ...