Accredited Investors Only AIF

What is Accredited Investors Only AIF in an Indian AIF?

An Accredited Investors Only AIF is a fund class in which every investor is an accredited investor. Created by SEBI on 18 November 2025, it carries several relaxations: exemption from the 1,000-investor cap, a NISM certification waiver for the investment team, and the manager may act as trustee.

Authority: SEBI (Alternative Investment Funds) Third Amendment Regulations, 18 November 2025

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Definitions are explanatory, not legal advice. Where a definition rests on a regulation or circular it is named above; verify against the instrument before relying on it.