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Govt allows private domestic pension funds to invest upto 5% of surplus in certain AIFs

Shortpedia

Content Team
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The Finance Ministry has allowed domestic private provident funds to invest upto 5% of their surplus in Alternative Investment Funds (AIFs) that back venture capital funds, SME Funds, social venture funds and infrastructure funds, among others. These funds will only be allowed to invest in companies incorporated in India, the government said in a gazette notification on Tuesday.