Resources · SEBI AIF
AIF key numbers
The figures that matter most, each with the provision it comes from.
| What | Figure | Source |
|---|---|---|
| Minimum corpus of each scheme | ₹20 crore | Reg 10(b) |
| Minimum corpus — social impact fund scheme | ₹5 crore | Reg 10(b), proviso |
| Minimum investment per investor | ₹1 crore | Reg 10(c) |
| Minimum investment — employees or directors of the AIF or the Manager | ₹25 lakh | Reg 10(c), proviso |
| Minimum investment — accredited investors | No minimum under Reg 10(c) | Reg 10(c), second proviso |
| Minimum by an individual in a social impact fund investing only in NPOs on a social stock exchange | ₹1,000 (₹2 lakh before 18 April 2026) | Reg 10(c), third proviso |
| Continuing interest of Manager or Sponsor — Category I and II | Lower of 2.5% of corpus or ₹5 crore | Reg 10(d) |
| Continuing interest of Manager or Sponsor — Category III | Lower of 5% of corpus or ₹10 crore | Reg 10(d), proviso |
| Maximum investors in a scheme | 1,000 (accredited investors not counted) | Reg 10(f) |
| Minimum tenure — Category I and II | 3 years (close-ended) | Reg 13(1)–(2) |
| Tenure extension | Up to 2 years, with two-thirds of unit holders by value | Reg 13(5) |
| Tenure extension — Accredited Investors only fund | Up to 5 years, with two-thirds of unit holders by value | Reg 13(5), proviso |
| Concentration — Category I and II | Not more than 25% of investable funds in one investee company | Reg 15(1)(c) |
| Temporary borrowing — Category I and II | Up to 30 days, up to 4 occasions a year, up to 10% of investable funds | Regs 16, 17 |
| Large value fund for accredited investors | Each investor (other than insiders) an accredited investor investing at least ₹25 crore | Reg 2(1) |
| Placement memorandum filing | At least 10 working days before launch (30 days before July 2026) | Reg 12(2) |
| Scheme fee — first scheme | Not payable | Reg 12(1), proviso |
| Investor grievances | Redressed within 21 calendar days | Reg 24A(1) |
| Records retention | 5 years after the fund is wound up | Reg 27(2) |
This is a learning and compliance-preparation tool. Plain-English readings, practical notes, 'what changed' summaries, the timeline and calculators are the portal's interpretation and do not replace professional advice or the notified Gazette text of the IFSCA (Fund Management) Regulations, 2025 and its amendments.
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CS Prashant Kumar
Company Secretary & Compliance Officer
Global Horizons Capital Advisors (IFSC) Private Limited — an IFSCA-licensed investment banker
13+ years of experienceFCS Fellow member, ICSIAuthor Audit Under Fire
Published in The Chartered Accountant (Jun 2025, Jan 2025, Mar 2024) and Chartered Secretary (Aug 2023)
Prashant Kumar is a seasoned Company Secretary and corporate governance strategist with more than 13 years of experience advising large corporates, promoter-led groups and global businesses on compliance, regulatory risk and board governance. In GIFT IFSC, the IFSCA regime is his day job rather than a research topic.