Article · Press release

SEBI notifies SEBI (Alternative Investment Funds) Regulations, 2012

Securities and Exchange Board of India · sebi.gov.in Free Advanced India

SEBI's own announcement of the rules every private fund in India is registered under: three categories of Alternative Investment Fund, a minimum investment of Rs 1 crore per investor and a minimum corpus of Rs 20 crore.

  • A VC or angel fund registers as Category I, a PE or debt fund as Category II, a hedge fund as Category III.
  • No AIF may take less than Rs 1 crore from an investor.
  • Pooling other people's money to invest without SEBI registration is not allowed.
Open on sebi.gov.in ↗

The question it answers

  1. How do I start an investment fund, like a hedge fund or VC fund, in India?

Read with it

  1. A law firm's question-by-question guide to forming a fund under SEBI's AIF rules: the categories, Rs 20 crore minimum corpus... ksandk.com Article · Guide PE and VC fund formation in India: AIF legal FAQ guide King Stubb & Kasiva
  2. Where an Alternative Investment Fund, portfolio manager or investment adviser applies to SEBI for registration and files... siportal.sebi.gov.in Tool · Official portal SEBI intermediary registration portal Securities and Exchange Board of India
  3. SEBI's own data on commitments raised and investments made by AIFs, by category. It shows the scale of the market a new fund... sebi.gov.in Article · Data Alternative Investment Funds: statistics (SEBI) Securities and Exchange Board of India
  4. The regulator for GIFT City's international financial services centre, which registers fund management entities and funds aimed... ifsca.gov.in Article · Official site International Financial Services Centres Authority (IFSCA) IFSCA
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