Rajesh Singla {Planify} Introduces VentureX Fund: A New Era for SMEs | ET Now

[@ajindersingh790]

Very informative 🎉

[@tarunpal9889]

What is the minimum investment required for AIF?

[@Adharavkapoor]

Is AIF tax free?

[@Planify]

No, AIFs (Alternative Investment Funds) are not tax-free. The taxation of AIFs depends on their category: Category I & II AIFs: The income earned is taxed at the hands of the investors, based on their individual tax slab. The AIF itself is treated as a pass-through entity for tax purposes. Category III AIFs: These are taxed at the fund level. Income is taxed at the maximum marginal rate (MMR), which is currently around 42.744%.

[@deevayrattan]

Is AIF better than mf?

[@Planify]

AIFs provide access to alternative assets and have the potential for higher returns, but they typically involve greater risks and demand larger investment amounts compared to mutual funds.