Comment on Account Opening Process - Corporate,Partnership Firm, & HUF

Nithin Kamath commented on 19 Oct 2014, 08:58 PM

When you open an account, you can open as an individual/partnership/HUF/Pvt ltd. An institutional account is typically that where other people’s money is managed, so a hedge fund, mutual fund, and similar other entity. I guess in India the easiest way to start a hedge fund is the AIF (Alternate Investment Fund) route, the minimum corpus is Rs 20 crores. Btw, there is no additional leverage as such provided to any institutional client, most of them are never utilizing even 100% of their funds.

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