https://www.cnbctv18.com/personal-finance/sebi-asks-aif-to-provide-option-of-mandatory-direct-plans-impact-on-investments-no-fee-16372861.htm
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Through such plans, investors will be able to participate in an AIF without having to pay any distribution fee or placement fee. AIFs are funds that cater to wealthy individuals willing to invest more than Rs 1 crore in a single go.
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