India Fund Insights
SEBI, AIFs, and a domestic VC market that won't sit still.
India's AIF ecosystem is growing quickly. SEBI's three-category framework gives you real structural flexibility, and the domestic startup market keeps getting bigger. Topics here include SEBI AIF registration, Category I/II/III fund structures, and how Indian fund administration works in practice.
SEBI's pro-rata rights circular: what the December 2024 fairness framework means for your fund
SEBI now requires all AIF investors to receive fair, pro-rata treatment on undrawn commitments. This changes how you draft your PPM, manage capital calls, and handle side letters.
Tax treatment across India's AIF categories: what your investors will ask
Category I and II get pass-through taxation. Category III does not. That single difference drives investor decisions and should drive your fund structuring.
Launching an AIF in India: what the process looks like from SEBI registration to first drawdown
India's AIF framework under SEBI has specific requirements around categories, trust structures, and merchant banker due diligence. Here is what the end-to-end launch looks like.
India's accredited investor framework: how it changes your fundraising math
Accredited investors can commit as little as INR 25 lakhs to your AIF instead of the standard INR 1 crore minimum. That difference reshapes who you can raise from and how.
NISM certification for AIF managers: what changed in June 2025 and what you need to do
SEBI now requires at least one member of your investment team to hold NISM Series-XIX-C or XIX-D certification. If you are launching an AIF, this is not optional.
AIF category selection in India: the decision that shapes everything else
Category I, II, or III — the AIF category you pick determines your tax treatment, investment restrictions, investor base, and regulatory burden. Get it wrong and you cannot easily switch.
SEBI AIF registration: what the process actually looks like from the inside
SEBI registration takes 60-90 days if your application is complete. Most first-time managers add months by underestimating the PPM requirements and merchant banker coordination.
VC fund pricing in India
₹2,000k
+ 0.75%
of fund size
Best for funds from ₹20 Cr to ₹200 Cr
₹3,500k
+ 0.5%
of fund size
Best for funds ₹201 Cr – ₹2,000 Cr
Custom
Best for funds over ₹2,000 Cr