Distinguish between 'Venture capital fund' and 'social venture fund'.
CS Executive · Capital Markets & Securities Laws · PYQS · December 2016
Distinguish between 'Venture capital fund' and 'social venture fund'.
Answer & Explanation:
Venture Capital Fund will primarily invest in unlisted securities of startups, emerging or early stage venture capital undertakings mainly involved in new products, new services, technology or intellectual property rights based activities or a new business model and shall include an angel fund. Social Venture Fund will invest primarily in securities or units of social ventures and which satisfy social performance norms laid down by the fund and whose investors may agree to receive restricted or muted returns.
Topics: Alternative Investment Funds