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India’s Wealthy Pull Out Money From Short-Term Alternative Investment Funds
India’s super-rich withdrew commitments made to hedge funds and other AIFs for the first time in nearly 7 years.
13 Dec 2019, 01:11 PM IST
India’s super-rich withdrew commitments made to hedge funds and other such short-term investment vehicles for the first time in nearly seven years after the increase in tax rates for the wealthy.Commitments by high-net-worth investors to Category-III alternative investment funds fell Rs 4,832 crore quarter-on-quarter to Rs 42,223.4 crore in the three months ended September, according to data released by the Securities and Exchange Bo...
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