Category I AIF
What is Category I AIF in an Indian AIF?
A Category I AIF invests in sectors the government or regulators consider socially or economically desirable. It covers venture capital funds, angel funds, SME funds, social impact funds, infrastructure funds and special situation funds. Category I funds are close-ended and may receive incentives or concessions not available to other categories.
Authority: SEBI (Alternative Investment Funds) Regulations, 2012
Related terms
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Definitions are explanatory, not legal advice. Where a definition rests on a regulation or circular it is named above; verify against the instrument before relying on it.