NEED OF THE HOUR

| The industry wants losses on investments to be available to investors for set-off | Want fees and expenses to be included in the cost of investment, akin to MFs | AIFs deploy 15-20 per cent of capital towards management fees and other charges | Overseas money in AIFs managed by Indian asset management companies

not exempt from GST | This effectively adds 18 per cent to the cost of management | No ‘pass through’ for GST could discourage managers from setting Indiabased funds | Long-pending demand of passthrough for category III AIFs also in focus