Examples of Category II in a sentence
ABSLAMC also acts as an Investment Manager to Aditya Birla Real Estate Debt Fund (Category II) registered with Securities and Exchange Board of India (SEBI) on January 27, 2016 at Mumbai having registration number as IN/AIF2/15-16/0200.
Further, the Company has also received SEBI registration for Alternative Investment Fund (AIFs) Category III namely ‘Aditya Birla Sun Life AIF Trust – I’ under registration code IN/AIF3/17-18/0319 dated April 11, 2017 and AIF Category II namely ‘Aditya Birla Sun Life AIF Trust – II’ under registration code IN/AIF2/17- 18/0513 dated January 19, 2018.
For this purpose, an “Investment Fund” means a fund registered as Category I or Category II Alternative Investment Fund and is regulated under the Securities and Exchange Board of India (Alternate Investment Fund) Regulations, 2012.
The AMC offers management and/or advisory services to: (a) Category II foreign portfolio investors which are appropriately regulated broad based funds investing in India through fund manager(s) managing the Schemes of the Fund (“Business Activity”) as permitted under Regulation 24(b) of the SEBI (Mutual Funds) Regulations, 1996, as amended from time to time (“the Regulations”).
In addition, depository institution subsidiaries of Category II institutions are considered Category II institutions.