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Non-PoliticalFinanciers, bankers, and lawyers of r/India, what is the legality of a micro "hedge fund" in India?
5 points • 2 comments submitted by sand_man_cometh to /r/india
I have a good investment track record. Relatives, friends, and colleagues regularly come to me for sound financial advice. I want to start a micro fund for everyone I know. Hire one guy or small CA firm to do day-to-day reporting and accounting while I hold a day job and step in only for 1-on-1 consultations or client management. I have no targets yet, but imagine it would grow to a 8-digit or ~1 Cr. total AUM at best.
What's the legality if I want to operate above the board?
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