How Do I Obtain an Alternative Investment Fund (AIF) License

If youre planning to set up an investment fund or venture capital vehicle in India, obtaining an AIF License from SEBI (Securities and Exchange Board of India) is a critical first step. As of 2025, SEBIs updated framework has simplified the process while ensuring stronger governance and compliance for investors and fund managers.

Step 1: Choose the AIF Category
AIFs in India are registered under three main categories:

Category I: Venture Capital, SME, Infrastructure Funds.

Category II: Private Equity, Debt, and Fund of Funds.

Category III: Hedge Funds and other high-risk investment strategies.
Selecting the right category defines your compliance obligations and investment scope.

Step 2: Register the Fund Entity
Incorporate your entity as a Trust, LLP, or Company in India. Draft the Trust Deed or Partnership Agreement clearly stating investment objectives, fund structure, and risk policy.

Step 3: Prepare the Application for SEBI
Submit Form A to SEBI with required documents including fund structure, sponsor details, PPM (Private Placement Memorandum), and business plan. SEBI reviews the promoters background, financial capability, and track record before granting registration.

Step 4: Capital & Compliance Requirements
Minimum corpus per scheme: 20 crore (10 crore for Angel Funds).
Minimum investment per investor: 1 crore (25 lakh for employees/directors).
In 2025, SEBI mandates periodic compliance filings and cybersecurity declarations to enhance transparency.

At Corpzo, we simplify the end-to-end AIF registration process from entity setup and documentation to SEBI filing, legal vetting, and post-approval compliance. Our experts ensure you meet every regulatory requirement smoothly and efficiently.

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