These are those AIFs which are positive and beneficial to the
Indian
economy and enhance growth. Hence these funds receive incentives
or
concessions by SEBI or the government of India. Such funds
generally
invest in start-ups or early stage ventures, social ventures,
SME’s,
infrastructure or other sectors which are considered socially or
economically important for the country.
Start up funds / early stage funds:
Venture Capital Fund falls under Category 1 of the AIF
regulations
and is an investment fund that manages money from investors
seeking
private equity stakes in start-up and small and medium-size
enterprises that show strong growth potential. These investments
are
generally characterized as high-risk/high-return opportunities.
Infrastructure Funds:
The Indian economy requires huge investments in developing
infrastructure like roads and power. Infrastructure funds
channelize
investments into these companies and thus make money for
investors.