2025-11-19
The Securities and Exchange Board of India issued these regulations to establish a comprehensive regulatory framework for Alternative Investment Funds operating in India. The document defines key terms such as accredited investors, various fund categories including venture capital and private equity, and mandates specific operational and disclosure requirements for fund managers and sponsors. It explicitly excludes certain entities like family trusts and employee welfare trusts from the definition of Alternative Investment Funds to ensure targeted oversight of privately pooled investment vehicles.