INTRODUCTION

Traditionally, Alternative Investments like Hedge Funds, Private to 73 unicorns across sectors and is poised to become the most
Equity Funds and Venture Capital Funds were sought after by favourable investment destination for foreign investors. The average
Institutional Investors like Pension Funds, Endowment Funds and time taken for a start-up to become a Unicorn has substantially
Family Ofces. However, there has been increasing demand for these dropped to 3 years for start-ups being formed in 2018-2020.
products from retail and high net worth investors.
Category III AIFs and PMS Fund Managers understand the investment
Indian Markets are gaining Private Investors' condence, after being objectives and constraints of their clients and make suitable
ranked amongst the top 3 Most Preferred Destination by Global investments, as per the investment mandate. Hence, growth of such
Investors, as per the Global Limited Partner Survey of Emerging investment management services is imperative for the development
Markets Private Equity Association, 2019 and 2020. Venture of any economy, for investors to achieve favourable risk-adjusted
Capitalists (VCs) in India are willing to take the risk and provide start- returns. Category III AIFs in India have been investing the funds
ups with the initial capital required to bootstrap their business faster, in order to generate alpha by employing diverse trading
models and on-board their rst paying customers. India is now home strategies.

NEED OF THE COURSE

There is a great demand for qualied professionals in the norms, due diligence practices, valuation policies, performance
Alternative Investments market, to serve the Institutional attribution and the accounting processes followed in this industry.
Investors and High Net-worth Individuals allocating capital in big Further, it provides you a practical experience of investing in start-
ticket sizes. The course will help you get practical knowledge on ups, fund-raising process and the process of negotiations and
different legal structures permissible in Alternative Investment start-up valuations.
Funds, investment strategies deployed, applicable regulatory

COURSE Mr. Archit Lohia

DIRECTOR Industry Expert and Founder, CareerTopper.com

CREDITS, TIME & COURSE FLOW

This course is of 3 months duration having 3 Credits and 30 Instructional Hours. 2 Topics shall be exclusively conducted in workshop format. The rst
batch is starting from 1st weekend of January 2022 onwards.
The sessions will be offered in online live (Synchronous) mode.

TOPICS TO BE COVERED IN THE COURSE:

20 SESSIONS (One Session of 1:30 Hours) • Equity-based Investment Strategies for Hedge Fund and
• Investment Management Ecosystem and Role of Alternative Case Studies
Investments • Importance of REITs and InvITs
• Fund Structures and Fee Structure • Taxation Norms for Alternative Investments
• Regulatory Landscape in India for Category I AIFs, Category II AIFs, • Risk and Return Measures for Alternative Investments
Category III AIFs and PMS • Recent Growth in Alternative Investments – Indian and
• Angel Funds and Other Equity Forms of Private Capital Global Markets
• SPACs and Structured Products • New Investment Avenues:
• Valuation and Performance Attribution - Private Equity Funds v/s Ø Arts and Paintings
Hedge Funds Ø Sports
• Term Sheet Negotiations for Start-up Founders Ø Vintage Wine
• Fund-raising Process for Start-ups and SMEs Ø Stamps and Collectibles
• Start-up India and Growth of Private Equity in India Ø Films and Patents
 CASE STUDIES/CLASS DISCUSSIONS
• Recent Growth in IPOs and activities in Unlisted Equities Market • Tax Residency Certicates and its use for Hedge Funds
• PIPE Funds and Crossover Funds in India • The Fate of International Financial Service Centres
• Top Funds in India, by Industry, Size and Investment Strategy (IFSC) in India
• Common Hedging Strategies • Future of REITs and InvITs in India
• Important Factors to be considered before Investing in Hedge
Funds

COURSE A team of experts from AIMA's Board of Studies (https://resources.aima.in/chairman-and-

ADVISORS
members-of-AIMA-bos-2018-2019.pdf) & CareerTopper (https://careertopper.com/)

PEDAGOGY
The course methodology will
include interactive live
lectures, discussions, live
quizzes, case studies, expert
learning and assessments.
Additional readings will be
provided for cover ing the
contemporary aspects on an
on-going basis.

TARGET PARTICIPANTS
Whether you want to make a career in the buy-side industry or become an Investment Manager, this program is the right one for you.
Professionals who can seek this program are:
• Custodians
• Distributors and Marketing Professionals • Institutions and HNI Investors • Investment Managers
• Freshers
• Research Analysts • Investment Advisors
• Lawyers and Tax Advisors
• Family Ofces • Accountants and Fund Administrators
• Finance Students
• Wealth Management Firms • Trustees

COURSE OUTCOME
A niche topic like Alternative Investments is not covered in any of the B-School curriculum. However, it is important to understand this
growing market, as it becomes an integral part of the Investment Management Ecosystem and the Start-up Ecosystem
On undertaking this course, the students will be able to:

• Understand risk-return prole of Alternative Investments, • Apply the Regulatory and Taxation norms to boost investments in
various asset classes within Alternative Investments and its Category III AIFs, Private Equity and Venture Capital, for the
growth history in the Indian and Global markets ultimate benet of investors
• Discuss different type of investment products, diversication • Understand how the investment patterns, cash ows and returns
benets, fund structures, market participants, due diligence of Private Equity Funds are different from other traditional and
parameters and marketing process of Alternative Investments alternative investments
• Measure the risk and return parameters for an Alternative • Identify equity and debt forms of Private Capital, and understand
Investment Fund their performance attribution and valuation process
• Examine the scope of growth for new investment avenues, like • Evaluate the Government initiatives taken to boost growth in
arts and paintings, lms, vintage wine, stamps, and SPACs Start-ups, Private Equity and Venture Capital and their impact on
the investment and start-up eco-system
COURSE FEE ` 10000 + GST

COURSE The course pack comprising of power points, reference books, research papers,
MATERIAL learning aids, reading materials etc. will be provided to each participant.

ASSESSMENT, GRADING & CERTIFICATION

The participants would be assessed on the basis of their performance in One online
comprehensive examination (written test of 3 Hours duration) (Max. Marks – 100)
The participants will be graded on relative letter grading system. Those who obtain minimum
B grade in Online Comprehensive Examination would be declared passed and awarded
'Certicate of Success' by ALL INDIA MANAGEMENT ASSOCIATION.
Credit earned in this course could be transferred to AIMA's PGDM program or to any other
institutes'/universities' program as per the norms of UGC.
Participants not appearing in assessment for this course will be provided with 'Certication
of Participation'.

FACULTY
Mr. Archit Lohia is a pioneer in using Articial Intelligence and Machine Learning techniques.
Alternative Investments education He has gained prior experience in Due Diligence, while handling
and has founded CareerTopper, to the IPO process for shares issued by Bombay Stock Exchange.
provide professional development Archit is a Chapter Executive of the CAIA Association India
programs in Alternative Investments, Chapter and a Member of Expert Group formed by the Institute of
through Recognized Certication Chartered Accountants of India (ICAI), for screening start-ups
Programs and Skill Development for their startup accelerator and updating the CA Curriculum. He
Programs in India. The start-up works is an active member and Co-chair of the Career Services
for Indian Regulators, Banks, Mutual Committee formed by CFA Society India. He writes books and
Funds, Foreign Universities, Start-up articles on the Alternative Investments industry and is a regular
Accelerators and a number of Training speaker at national and international forums. He loves playing
Institutes and B-schools. cricket every Sunday as a stress-buster, apart from listening to
Archit has previously worked in Ernst & music and travelling.
Young (EY) and Bombay Stock Exchange (BSE Ltd.) in areas, inter-
alia including Regulations, Compliance, Pre-IPO Markets,
Investment Due Diligence, Portfolio Management, Audit and
Finance.
Archit is an active investor in listed equities, Pre-IPO shares and
start-ups. As his long-term vision, Archit is working towards
improvising Deal Structuring and Ongoing Due Diligence process
to ensure increased credibility and transparency in private deals,

FOR FURTHER CLARIFICATION, PLEASE CONTACT THE UNDERSIGNED

Center for Management Education (CME) Career Topper Online Education Pvt. Ltd.
All India Management Association 525, Arun Chambers, 5th Floor, Tardeo
14, Institutional Area, Lodhi Road, Mumbai 400 034, Maharashtra, India
New Delhi - 110003 Phone : +91 9321306866/022-35103515
Phone : +91 9891963303 / 011-24645100 Email : [email protected]
Email : [email protected] Website : https://www.careertopper.com/
Website : www.aima.in