The Indian Trusts Act of 1882 allows for the creation of private trusts known as Alternative Investment Funds (AIFs). These trusts are managed by a common investment manager for all schemes within the trust. Each scheme operates based on the strategy outlined in its private placement memorandum (PPM) and scheme-specific agreements with investors. In order to maintain segregation betwe... https://www.corpzo.com/alternative-investment-fund-regulations2012-4th-amendment