The government has brought in changes to the investment pattern for non-government provident funds, and superannuation and gratuity funds, enabling them to invest up to 5 per cent in the units of Category I and Category II alternative investment funds (AIFs), subject to some caveats. The development is part of the central government's strategy to channelise domestic savings and improve their returns to attract more investment in the said sectors. At present, these funds typically invest a minimum 45 per cent in government securities, besides new instruments, such as exchange-traded funds and real estate investment funds, while a portion in equity-related instruments.
No prior approvals required for setting up off site ATMs will enable banks speed up their franchise expansion.
Under Sebi guidelines, AIFs can operate broadly in three categories.
Under Sebi guidelines, AIFs can operate broadly in three categories.
Providers write to Sebi, FinMin; launches may hit pause.
The industry's reactions to the Budget have been mixed.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances