SEBI AIF · Guided tool

SEBI AIF accredited investor checker

Check whether an investor meets the eligibility conditions for an accredited investor in the SEBI AIF Regulations, see which test they pass, and what accreditation changes for them.

Investing through GIFT IFSC instead? Use the IFSCA checker

Who is investing?

Pick the legal form of the investor. Each form has its own tests.

An individual, HUF, family trust or sole proprietorshipThe same three tests apply to all four.A body corporateFor example a company.A trust (other than a family trust)A family trust is tested like an individual.A partnership firmSet up under the Indian Partnership Act, 1932.A government body or institutional investorAccredited by default if it falls in the list.Something else (for example an LLP)Not named in the definition.

How to use this checker

Pick the investor. An individual or family, a company, a trust, a partnership firm or an institution.
Enter the figures. Income, net worth and financial assets in ₹ crore, or net worth for an entity.
Read the result. It names the test passed, shows the working and lists what accreditation changes and what is still needed.

Worked example

Mr Shah, a business owner

Annual income ₹1.2 crore; net worth ₹6 crore, of which ₹2.8 crore is in shares, bonds and fund units.

Result: Test (A) fails (income below ₹2 crore) and test (B) fails (net worth below ₹7.5 crore). Test (C) passes: income at least ₹1 crore, net worth at least ₹5 crore and financial assets at least ₹2.5 crore. He still needs a certificate from an accreditation agency.

Onboarding an accredited investor?

Policy, certificates and investor confirmations: get them checked by CS Prashant Kumar.

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Source

Reg 2(1)(aa) and 2(1)(ab), SEBI (Alternative Investment Funds) Regulations, 2012; Chapter 10 of SEBI's Master Circular for AIFs (3 June 2026, updated 7 September 2026).

Indicative only. Under Reg 2(1)(ab) an investor becomes an accredited investor only when an accreditation agency grants a certificate of accreditation (except the investors deemed accredited). The procedure, documents and validity of accreditation are in Chapter 10 of SEBI's Master Circular for AIFs (3 June 2026, updated 7 September 2026). This tool is not legal or regulatory advice and does not replace the notified text of the SEBI (Alternative Investment Funds) Regulations, 2012.

Meet the expert

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.

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