1,000-investor cap
What is 1,000-investor cap in an Indian AIF?
An AIF scheme may not have more than 1,000 investors, a limit that keeps it a private placement rather than a public offer. Angel funds are subject to a separate regime. Accredited investors are excluded from the count in Accredited Investors Only AIFs.
Authority: SEBI (Alternative Investment Funds) Regulations, 2012, as amended
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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.