Typical AIF Structure in IFSC
Key Participants in an IFSC AIF Structure
Foreign Investors
Persons resident outside India, Non-Resident Indians (NRIs), and foreign companies.
Allowed to invest directly under FEMA-compliant routes.
Indian Investors
Institutional investors and resident individuals investing under Liberalised Remittance Scheme (LRS).
Subject to ODI/LRS norms under FEMA.
IFSC Investment Manager / Sponsor
Provides management and advisory services to the fund.
Earns management fees for fund administration and performance management.
AIF (Alternative Investment Fund)
The core investment vehicle pooling capital from investors.
Invests in securities or other permissible instruments as per SEBI (AIF) and IFSCA regulations.
Trustee
Provides fiduciary oversight and ensures compliance with regulations.
Receives trusteeship fees from the AIF.
