AIF (Alternative Investment Fund)  London

An AIF (Alternative Investment Funds) is a privately pooled investment vehicle regulated by SEBI (Securities and Exchange Board of India) that invests in non-traditional assets such as private equity, venture capital, real estate, private credit, and hedge strategies.

Registration Number: IN/AIF2/22-23/1046

• Category I – Startups, SMEs, infrastructure (growth-focused, government-supported)

• Category II – Private equity, debt funds (most common for HNIs/UHNIs)

• Category III – Hedge funds (public markets, derivatives, long/short strategies)

• Access to private markets and pre-IPO opportunities

• Higher return potential vs public markets

• Portfolio diversification

• Institutional-grade deal flow

• High Net Worth Individuals (HNIs)

• Ultra High Net Worth Individuals (UHNIs)

• Family Offices

• NRIs / Overseas Citizens of India (OCI)

• Foreign investors (subject to regulations)

Typically ₹1 Crore (~£100K+) per investor for Category II & III AIFs.

Yes. UK-based investors (including NRIs/OCIs) can invest through FEMA-compliant routes using NRE/NRO/FCNR accounts or approved offshore structures.

• Category I & II: 5–10 years (long-term capital)

• Category III: Open-ended or shorter cycles

In our Fund (Nakshatra Bharat Vantage Fund) our tenure is 5 years

AIFs are typically set up as:

• Trust structures (most common)
• LLPs or companies (less common)

Key parties include:

• Sponsor
• Investment Manager
• Trustee
• Investors (Unit Holders)

AIF investments, particularly Category I and II, are long-term and typically illiquid, meaning early exits are not standard. However, in certain cases, exit may be possible through:

• Secondary transfer of units to another eligible investor (subject to fund approval)
• Buyback or replacement by another investor (if facilitated by the manager)
• Distribution during partial exits at the portfolio level

Such exits are not guaranteed and depend on market conditions, investor availability, and fund terms. Investors are therefore advised to commit capital with a full-term investment horizon.

Yes — but not in the way retail SIPs work.

In a Category II AIF, you commit a total investment amount (e.g., ₹1 Crore) upfront through a legal agreement, but the fund draws this capital in tranches over time via capital calls.

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How it works:

• You commit ₹1 Cr at the start (this is mandatory)
• The fund does not take full money immediately
• Instead, it calls capital in phases (e.g., 20%–30% at a time)
• You are required to honour each capital call within a defined timeframe

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Important points:

• This is not optional instalments — it’s a binding commitment
• Failure to meet capital calls may lead to penalties or dilution
• Helps optimise capital deployment (you don’t block full ₹1 Cr upfront)

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Returns vary by strategy:

• Category II (PE/Debt): ~15%–24% IRR (indicative, not guaranteed)
• Category III: Market-linked (can be higher volatility)

No. AIFs are market-linked investments and do not offer guaranteed returns.

Through:

• Capital appreciation
• Dividends / interest (depending on strategy)
• Exit events (IPO, acquisition, buyback)

• Management Fee: ~1.5% – 2.5% annually
• Performance Fee (Carry): ~15% – 20% above hurdle
• Hurdle Rate: Typically ~8% – 12%

A share of profits earned by the fund manager only after a minimum return (hurdle) is achieved.

• Category I & II: Pass-through taxation (taxed at investor level)
• Category III: Taxed at fund level (varies by structure)

Tax depends on:

• Investor residency
• Type of income (capital gains, interest, etc.)

Yes, with proper structuring:

• Double Taxation Avoidance Agreement (DTAA) benefits
• Optimised holding structures
• Professional tax planning recommended

Yes. Repatriation is allowed subject to:

• FEMA guidelines
• Bank compliance
• Tax clearance

• Illiquidity (capital lock-in)
• Market and execution risk
• Regulatory changes
• Manager performance risk

AIFs are governed by:

• SEBI AIF Regulations (India)
• Strict disclosure, reporting, and compliance norms

• Trustee oversight
• Independent audits
• Defined investment mandates
• Periodic reporting

Generally no (especially Category I & II). These are long-term investments.

• Strategic sale
• IPO
• Secondary transactions
• Buybacks

Text to answer

• HNIs & UHNIs
• Family Offices
• Global investors exploring India
• Wealth advisors & strategic partners

To provide:

• Institutional insights
• Direct access to fund managers
• Clarity on structuring, tax, and risk
• Curated investment opportunities

No — this is not a sales event. It is a curated, insight-led discussion, designed to provide clarity rather than promote products.

While the FAQs address common questions, the session offers deeper, practical insights through:

• Detailed walkthrough of select investment opportunities

• Direct interaction with AIF and tax subject-matter experts

• Clarification of structuring, regulatory, and cross-border considerations

• Addressing specific investor queries in a closed-door setting

We understand that investing in a new market like India can feel complex. This session is intended to provide confidence, transparency, and informed perspective.

For serious investors or those considering near-term participation, attending will help you make well-informed, strategic investment decisions.

Registration is compulsory to attend the event. This is a private invitation ONLY event with limited seats. Please register your seat https://ritzcorporation.com/event/aif/registration

One you register you'll get the Invitation via email, if you have any issues please feel free to contact : team@ritzcorporation.com / Tel: + 44 747 998 2438

Denham Grove Hotel, located in Uxbridge (UB9 5DG), is a well-connected countryside venue set within 42 acres of landscaped parkland, offering a quiet and private setting ideal for curated investor interactions. The venue is easily accessible from Central London (approx. 40 minutes by car) and Heathrow Airport (around 20 minutes), with convenient road links via the M40 and M25. Ample on-site parking is available for guests, along with clear signposted access. The setting combines accessibility with discretion, making it well-suited for a closed-door, high-quality investor gathering.

AIF London – Event Format & Flow | Private, Closed-Door Investor Luncheon

Event Objective

To provide a curated, high-quality investor experience combining strategic insights, selected opportunities, and direct access to subject-matter experts in a discreet setting.

Event Timeline (11:00 AM – 3:00 PM)

11:00 AM – 11:30 AM | Arrival & Welcome Reception

• Guest arrival & registration
• Welcome drinks
• Informal networking with investors and hosts

11:30 AM – 12:30 PM | Networking Lunch

• Seated / semi-formal luncheon
• Curated networking among HNIs, UHNIs, and family offices
• Soft introductions by hosts

12:30 PM – 1:30 PM | Main Session: Investment Dialogue

1. Opening Context (Host Introduction)

• Purpose of the session
• Overview of India opportunity

2. Nakshatra AIF (5 mins)

• Fund philosophy
• Investment strategy & positioning

3. Ritz Corporation (5 mins)

• Role as investor platform & strategic partner
• Access, structuring, and execution

4. Curated Investment Opportunities (30–40 mins)

• Presentation of 7–8 selected opportunities
• Sectoral highlights and investment rationale

5. Investment Flow & Participation (10–15 mins)

• How the investment process works
• Structuring, onboarding, and capital deployment

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1:30 PM – 2:00 PM | Open Q&A + Interactive Discussion

• Address investor queries
• Clarifications on tax, structure, risk, and returns
• Direct interaction with SMEs

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2:00 PM – 2:30 PM | Deep Dive Session (Health Vertical)

• Focused walkthrough of healthcare investment opportunities
• Strategic insights and sector outlook

(Parallel Option: Continued networking for interested guests)

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2:30 PM – 3:00 PM | Engagement & Next Steps

• Expression of interest / commitment discussions
• One-to-one interactions with team
• Next steps for onboarding and detailed evaluation

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Post-Session (Optional Stay Back)

Guests are welcome to:

• Continue private discussions
• Engage with subject-matter experts
• Explore specific opportunities in detail

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Experience Design

• Closed-door, curated setting
• Limited participants for meaningful interaction
• Balance of insight, opportunity, and personal engagement

Ritz Corporation is the fund partner, sits on the Board and acts as:

• Strategic platform
• Investment facilitator
• Structuring & advisory partner
• Ecosystem builder connecting investors with opportunities

Nakshatra AIF is an India-focused Alternative Investment Fund platform offering curated opportunities across private markets.

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What differentiates Nakshatra AIF?

• Institutional approach
• Focused deal selection
• Structured investment strategy
• Alignment with investor interests

Register via:https://ritzcorporation.com/event/aif/registration

No. Attendance is strictly by invitation and approval only.

No. This is a hosted private luncheon.

• One-to-one discussions
• Opportunity evaluation
• Onboarding (if relevant)