AIFs are privately pooled investment vehicles which pool fund from sophisticated investors and in turn make investment in a predetermined investment strategy in accordance with the fund documents/ private placement memorandum. In accordance with Regulation 2 (b) of the SEBI (ALTERNATIVE INVESTMENT FUNDS) REGULATIONS, 2012 an Alternative Investment Fund is a privately pooled fund which... https://www.adpost.com/in/business_products_services/699333/