A bill before Parliament's joint committee would let Sebi-regulated trusts convert into limited liability partnerships, giving Category III alternative investment funds a way to cut their tax burden from 39% to 35%. However, carried interest taxation remains unaddressed.
5 min read26 Jul 2026Fund managers say the framework undermines negotiated fee structures, restricts drawdown flexibility and could discourage large anchor investors from backing private-market funds.
4 min read17 Jun 2026SEBI has updated AIF regulations allowing funds to retain proceeds beyond their life for unresolved liabilities. A new 'Inoperative Fund' category will help manage ongoing legal, tax, and regulatory issues during winding-up while ensuring compliance and operational transparency.
3 min read17 Jun 2026New rules let funds raise capital without prior clearance, while tightening disclosure accountability and imposing a 12-month first-close deadline
2 min read30 Apr 2026Studies show that top PMS strategies have generated around 60 basis points of excess return per month over benchmarks. More importantly, roughly 7 out of 10 PMS strategies have beaten their benchmarks. That’s not easy, especially in markets where beating the index itself is tough.
4 min read17 Apr 2026The new residential-focused vehicle aims to capitalize on a growing credit gap as traditional lenders tighten funding for mid-market developers.
3 min read8 Apr 2026State-owned National Bank for Financing Infrastructure and Development plans to invest in underserved sectors such as urban infrastructure, waste management, and smaller healthcare projects, areas where capital is harder to access.
3 min read25 Mar 2026The Sebi board also allowed foreign portfolio investors to settle their trades on a net basis and measures to revamp the fit and proper norms for market intermediaries.
6 min read23 Mar 2026AIFs are increasingly using fund of funds (FoFs) to bring in more investors without breaching Sebi’s 1,000-investor cap, as each FoF counts as a single investor. The structure also helps package diversified strategies and attract global capital.
5 min read18 Mar 2026Sebi may rely on due diligence certificates issued by merchant bankers for certain AIF schemes, Tuhin Kanta Pandey says. For schemes intended exclusively for accredited investors, the responsibility for disclosure diligence would rest with the AIF manager.
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