Nuvama also has AIF funds. In fact Nuvam’s owner is one of the top AIF manager in the Asia.
Before demerger Edel has two AIF- through Nuvam and their own AIF.
I think AIF is remunerative for a funds as it offers good returns much better than lending and requires less capital (in some funds Edel has placed 5% of the capital).
Based on their last week’s release, they want to separate AIF funds (sooner or later) so it is good move by MF subsidiary to go for their own AIF.
Additionally AIF market is nacent and huge run way, but needs time to get a real rewards (e.g carry income).
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