Which among the following generally fall into the category of Alternative Investment Funds?
1. Private Investment in Public Equity Funds
2. Infrastructure Equity Fund
3. Venture Capital Fund
4. Mutual Fund
Choose the correct option from the codes given below:

Answer: [B] Only 1, 2 & 3

As per the SEBI (Alternative Investment Funds) Regulations, 2012 (AIF Regulations), Category I AIF are – those AIFs with ‘positive spillover effects’ on the economy, for which certain incentives or concessions might be considered by SEBI or the Government of India or other regulators in India; and which shall include Venture Capital Funds, SME Funds, Social Venture Funds, Infrastructure Funds and such other Alternative Investment Funds (AIFs) as may  be specified.

This question is a part of GKToday's Integrated IAS General Studies Module