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Venture Engine 2021 applications to close on October 22
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Venture Engine 2021 applications to close on October 22 - Adaderana Biz English
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Irdai tweaks AIF rules for insurance companies
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Irdai tweaks AIF rules for insurance companies
Mamtha Asokan / TNN / Updated: Apr 10, 2021, 10:41 IST
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(Representative image)
CHENNAI: Insurance companies have been allowed by their regulator to invest in ‘fund of funds’ provided such funds are not utilized by an Alternate Investment Fund to invest outside India. The new dispensation gives insurers a source to diversify their investment into new avenues like startups and also gives asset managers a new source of capital.
The Insurance Regulatory and Development Authority of India (Irdai) has also barred investment into AIFs which undertake leverage or borrowing other than to meet day-to-day operational requirements and as permitted under SEBI regulations.
VC deal momentum to continue this year: Bain & Company - The Hindu BusinessLine
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