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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

SEBI issues Master Circular for Alternative Investment Funds (AIFs)

03-Jun-2026 | HO/19/34/11(6)2025-AFD-POD1/I/12928/2026

SEBI has issued Master Circular for Alternative Investment Funds (AIFs) Key highlights of this notification are: 1. Provisions of such circulars issued till May 31, 2026 have been incorporated in this Master Circular, which supersedes the Master Circular for AIFs dated May 07, 2024 2. The trustee / sponsor / manager of AIF, as the case may be, shall ensure that the ‘Compliance Test Report’ prepared by the manager of the AIF, in terms of para 21.2 of this Master Circular, includes compliance with the provisions of all chapters of this Master Circular 3. Any application made to SEBI under the rescinded circulars prior to such rescission, and pending before it, shall be deemed to have been made under the corresponding provisions of this Master Circular For more information, please refer the attached document

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