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India AIF

GARUDA mechanism

Also written: GARUDA, Green-Channel AIF Rollout Upon Document Acknowledgement, SEBI GARUDA

What is GARUDA mechanism in an Indian AIF?

GARUDA lets an AIF launch a regular scheme ten working days after filing its placement memorandum with SEBI, unless SEBI advises otherwise, with a SEBI-registered merchant banker certifying the disclosures instead of SEBI issuing comments. Accredited-investor-only funds, large value funds and angel funds launch immediately on filing.

Authority: SEBI circular HO/19/19/11(2)2026-AFD-RAC2/I/17617/2026 dated 30 July 2026

Related terms

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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.