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Primer (AIF)

Primer on SEBI AIFs

Lawple Advisors · December 2025 · 24 pages

A practical guide to setting up and running an Alternative Investment Fund registered with SEBI.

Inside this primer

  • Traditional AIF structure
  • Key stakeholders
  • Comparison of AIF categories and classifications
  • Key considerations for Category I and II AIFs
  • Key considerations for Category III AIFs
  • Key documents
  • Fund lifecycle (close-ended)
  • Tentative costs and initial registrations
  • Post-registration policies
  • Accredited investor framework
  • PMS v AIF, and co-investment vehicles
  • Legal service providers
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