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Category II AIF

What is Category II AIF in an Indian AIF?

A Category II AIF is one that is neither Category I nor Category III and does not undertake leverage other than to meet day-to-day operational requirements. Private equity funds and debt funds sit here. It is by far the largest category of Indian AIF by commitments raised.

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.