AIF Application

End-to-End Support for SEBI Alternative Investment Fund Registration

Registering an Alternative Investment Fund with SEBI is a detailed, document-intensive process that requires demonstrating the sponsor and manager's eligibility, a clearly defined investment strategy, and full compliance with the SEBI (Alternative Investment Funds) Regulations, 2012. Errors or gaps in the application commonly lead to delays and repeated queries from SEBI.

We manage the complete AIF registration process — from category selection and eligibility assessment to application drafting, SEBI query responses, and final registration — helping fund sponsors get their AIF registered efficiently and correctly the first time.

Our AIF Application Services

Eligibility Assessment

Evaluating sponsor, manager, and key personnel eligibility against SEBI's fit and proper criteria before filing.

Category & Strategy Determination

Advising on the correct AIF category and clearly articulating the investment strategy for the application.

Application Drafting (Form A)

Preparing and filing the detailed SEBI application form along with all required annexures and undertakings.

PPM Review & Filing

Preparing the Private Placement Memorandum in the format and disclosure standard expected by SEBI.

SEBI Query Resolution

Drafting responses to SEBI's clarifications and observations raised during processing of the application.

Post-Registration Compliance Setup

Setting up the compliance calendar and reporting framework required immediately after registration.

Key Requirements for AIF Registration

Applicant must be set up as a trust, LLP, company, or body corporate as prescribed under SEBI regulations
Sponsor and manager must meet SEBI's fit and proper person criteria, including net worth and track record
Key investment team must have adequate experience in fund management or related activity
A clear, well-articulated investment strategy must be disclosed in the application and PPM
Minimum corpus of the scheme must not be less than Rs. 20 crore as prescribed under the regulations
Application processing fee and registration fee must be paid as per the SEBI fee schedule

Frequently Asked Questions

How long does SEBI take to process an AIF application?

SEBI typically takes a few months to process a complete AIF application, though the exact timeline depends on the quality and completeness of the initial filing and how quickly SEBI's queries and observations are addressed by the applicant during processing.

What is the minimum corpus required for an AIF scheme?

Under SEBI (Alternative Investment Funds) Regulations, each scheme of an AIF must have a minimum corpus of Rs. 20 crore, with a minimum investment amount of Rs. 1 crore per investor (Rs. 25 lakh for employees or directors of the AIF or manager, subject to conditions).

Who can be a sponsor of an AIF?

A sponsor can be any person or entity that sets up the AIF, and is required to have a continuing financial interest in the fund as prescribed by SEBI. The sponsor and manager must both satisfy SEBI's fit and proper person criteria, covering financial soundness, absence of regulatory action, and general reputation.

What happens if SEBI raises queries on the application?

SEBI commonly raises clarificatory queries on the investment strategy, sponsor commitment, key personnel experience, or PPM disclosures. These need to be addressed with well-drafted responses and, where needed, supplementary documentation, and unresolved or repeated queries can significantly delay registration.

Can an AIF launch multiple schemes under one registration?

Yes. Once an AIF is registered with SEBI, it can launch multiple schemes under that single registration, with each new scheme requiring its own PPM and compliance with the applicable minimum corpus and investor requirements for that scheme.

Get Your AIF Registered with SEBI

From eligibility assessment to query resolution, we manage the entire SEBI AIF application process on your behalf.

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