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AIF Trustee

Alternative Investment Funds or AIF means any fund established or incorporated in India which is a privately pooled investment vehicle which collects funds from sophisticated investors, whether Indian or foreign, for investing it in accordance with a defined investment policy for the benefit of its investors. ITSL acts as a Trustee for AIFs set up as a Trust. We at ITSL provide custom-made, end to end solutions for an AIF which includes safe keeping of documents, fund accounting and banking solutions through our parent Bank “IDBI Bank Limited” IFSC Banking Unit. ITSL works closely with the Investment Manager for ongoing compliance and reporting, advising and assisting in administration/operation of Trust, structuring and setting up of Trust and Registration, appointment of various service providers (like RTA, Custodian fund Admin), etc. As an AIF Trustee, ITSL ensures that the monies of the schemes are invested to achieve the objectives of the schemes and in the interest of the investors, the assets and liabilities of each scheme are segregated and ring-fenced from other schemes of the FME and the bank accounts and securities accounts of each scheme are segregated and ring-fenced, different activities of FME are carried at Arm’s length and interest of investor under one activity are not being compromised with those of any other scheme or of other activities of the FME, quarterly review of all transactions carried out between the schemes, FME and its associates, review yearly basis the net-worth of FME to ensure compliance with the threshold provided in Second Schedule on a continuous basis, etc.

Security Trustee

SSecurity Trusteeship is a contractual agreement amongst borrowers, lenders (NBFC, Banks & Financial Institutions) and the security trustee (ST) , where ST acts in the interest of lenders at all times