AIF Registration
Set up and register your Alternative Investment Fund with SEBI — Category I, II or III — from trust formation and PPM drafting to Form A filing and the registration certificate.
Register your fund with SEBI
Share your fund structure and strategy. We draft the PPM and file the AIF application through SI Portal.
Talk to a CS →A complete AIF registration package
Fund Structuring
Choice of trust, LLP or company, and the right AIF category for your strategy, reviewed before you commit.
Trust Deed & Agreements
Indenture of trust, investment management agreement and contribution agreement drafted and executed.
PPM Drafting
Private Placement Memorandum prepared in the SEBI mandated template with risk factors and fee disclosures.
Form A Filing
Application in Form A filed with SEBI through the SI Portal along with fees and supporting documents.
SEBI Query Handling
Observations and clarifications raised by SEBI responded to until the certificate is granted.
Post Registration Compliance
Quarterly reports, PPM audit, valuation and investor reporting obligations set up and tracked.
What is needed for AIF registration
Correct Category
Category I for start-up, SME, social and infrastructure funds; Category II for private equity and debt funds; Category III for hedge and long short strategies.
Minimum Corpus
Each scheme must reach the minimum corpus prescribed under the AIF Regulations before it begins investing.
Minimum Investment
Each investor must commit at least the prescribed minimum, with a relaxed threshold for employees and directors of the manager.
Continuing Interest
The sponsor or manager must maintain continuing interest in the fund at the percentage prescribed for the category.
Fit and Proper
The sponsor, manager and key personnel must satisfy the fit and proper criteria and hold the required qualifications and NISM certification.
Registered Office & Infra
The applicant must have adequate office infrastructure, manpower and the ability to discharge fund management activities in India.
Registration is fund level, schemes are launched under it. Once the AIF certificate is granted, each new scheme is launched by filing its PPM with SEBI — we handle both the first registration and subsequent scheme launches.
Common issues in AIF registration
Simple steps, no surprises
Structure finalised
Category, vehicle, strategy and fee model agreed and documented.
Documents drafted
Trust deed, agreements and PPM prepared and executed.
Form A filed
Application submitted to SEBI with fees through the SI Portal.
Certificate granted
SEBI queries closed, registration certificate received and scheme launch planned.
Other services you may need
Frequently asked questions
An AIF is a privately pooled investment vehicle registered with SEBI that collects funds from sophisticated investors, Indian or foreign, and invests them according to a defined strategy. It is distinct from mutual funds and collective investment schemes.
Category I covers funds investing in start-ups, SMEs, infrastructure and socially desirable sectors. Category II covers private equity and debt funds that do not use leverage for operations. Category III covers funds using complex or leveraged strategies such as hedge funds.
AIFs are open to Indian residents, NRIs and foreign investors who can meet the minimum commitment prescribed under the AIF Regulations. Each scheme is also subject to a cap on the number of investors.
Once a complete Form A application with the PPM and supporting documents is filed, SEBI typically grants registration within a few months, depending on the number of clarifications raised.
Registered AIFs must file periodic reports with SEBI, carry out an annual PPM audit where applicable, follow prescribed valuation norms and provide regular reporting to investors.
Ready to register your Alternative Investment Fund?
We structure the fund, draft the PPM and take the SEBI application through to the registration certificate.