AIF Registration in India | Alternative Investment Fund Licence

The Indian investment landscape has evolved significantly over the past decade, with investors increasingly seeking diversified and high-return opportunities beyond traditional instruments. Alternative Investment Funds (AIFs) have emerged as a popular investment vehicle for high-net-worth individuals (HNIs), family offices, and institutional investors. To operate legally in India, every AIF must obtain registration from the Securities and Exchange Board of India (SEBI).

If you’re planning to set up an AIF, understanding the AIF Registration process is the first step toward launching a compliant and successful fund.

What is an Alternative Investment Fund (AIF)?

An Alternative Investment Fund (AIF) is a privately pooled investment vehicle established in the form of a trust, company, Limited Liability Partnership (LLP), or body corporate that collects funds from investors to invest in accordance with a defined investment policy. AIFs are governed by SEBI (Alternative Investment Funds) Regulations, 2012.

Types of AIFs in India

  1. Category I AIFs:
    These funds invest in start-ups, early-stage ventures, social ventures, SMEs, and infrastructure projects. Examples include venture capital funds and angel funds.

  2. Category II AIFs:
    These funds include private equity funds, debt funds, and funds that do not fall under Category I or III. They typically invest in unlisted companies and are not allowed to employ leverage.

  3. Category III AIFs:
    These funds employ complex trading strategies and leverage to generate short-term returns. Hedge funds are a common example.

Eligibility for AIF Registration

To be eligible for AIF registration with SEBI:

  • The applicant must be registered as a trust, LLP, company, or body corporate.

  • The minimum corpus of an AIF must be ₹20 crores (₹10 crores for Angel Funds).

  • The minimum investment per investor should be ₹1 crore (₹25 lakh for employees or directors of the AIF).

  • The fund must have a well-defined investment policy and structure.

Process of AIF Registration

  1. Entity Formation: Incorporate the entity as a trust, company, LLP, or body corporate.

  2. Drafting of Fund Documents: Prepare the private placement memorandum (PPM), trust deed, and investment management agreement.

  3. Application to SEBI: Submit Form A along with the necessary documents and application fee.

  4. SEBI Review: SEBI evaluates the application and may request clarifications.

  5. Grant of Registration Certificate: Upon satisfaction, SEBI issues the AIF registration certificate, enabling the fund to commence operations.

Why Choose Corpzo for AIF Registration

At Corpzo, we offer end-to-end assistance for SEBI AIF Registration. Our team of experts ensures complete documentation, compliance, and liaison with SEBI for a smooth and hassle-free registration process.

Our AIF Services Include:

  • Advisory on fund structuring and formation

  • Drafting and vetting of PPM, trust deed, and legal documents

  • Assistance with SEBI application and documentation

  • Post-registration compliance and reporting support

We have successfully assisted numerous fund managers, wealth advisors, and financial institutions in setting up AIFs across various categories.

Get Your AIF Registered with Ease

Start your AIF Registration journey with Corpzo today and ensure complete regulatory compliance with SEBI’s guidelines.

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