AIF
Apollo Tactical Income Fund Inc.
stock NYSE

Da Vinci derivatives founded by IITians but it based in Amsterdam, Netherlands.
So to answer your question you can make one in India, but the SEBI regulations are quite strict to operate it...
In India a hedge fund style exists Under AIF C-3 which requires a minimum funds of 20Cr and minimum 1 Cr per investor, with appointment of a compliance officer, trustee, and Banker and custodian etc. and the problem is if you as an individual want to start you can't take any of those roles, it's not possible.. and if you assign someone on these post you lose control over the funds to trade .... JPMorgan is bank who is run by a board of directors then assign roles and still keep control over them
Firms like Graviton and QE they prop trading who trade there own capital, under strict surveillance of SEBI, and month to month audits
And firms like Jane street they trade from Singapore or Hong Kong desks they come under FIIs an FPIs

Da Vinci derivatives founded by IITians but it based in Amsterdam, Netherlands.
So to answer your question you can make one in India, but the SEBI regulations are quite strict to operate it...
In India a hedge fund style exists Under AIF C-3 which requires a minimum funds of 20Cr and minimum 1 Cr per investor, with appointment of a compliance officer, trustee, and Banker and custodian etc. and the problem is if you as an individual want to start you can't take any of those roles, it's not possible.. and if you assign someone on these post you lose control over the funds to trade .... JPMorgan is bank who is run by a board of directors then assign roles and still keep control over them
Firms like Graviton and QE they prop trading who trade there own capital, under strict surveillance of SEBI, and month to month audits
And firms like Jane street they trade from Singapore or Hong Kong desks they come under FIIs an FPIs