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ARTICLE · 10 AUGUST 2026

SEBI Introduces GARUDA Framework To Enable Faster AIF Scheme Launches

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Following the amendments to the AIF Regulations on July 14, 2026, SEBI has introduced the ‘Green-channel AIF Rollout Upon Document Acknowledgement (GARUDA)’ framework to streamline the Private Placement Memorandum (PPM) filing process and accelerate the rollout of AIF schemes.

IndiaFinance and Banking
Aurtus Consulting LLP
Aurtus Consulting LLP

Following the amendments to the AIF Regulations on July 14, 2026, SEBI has introduced the ‘Green-channel AIF Rollout Upon Document Acknowledgement (GARUDA)’ framework to streamline the Private Placement Memorandum (PPM) filing process and accelerate the rollout of AIF schemes.

Key amendments:

1. Introduction of new definitions:

  • Regular schemes refer to all AIF schemes other than Large Value Fund for Accredited Investors (‘LVF’), Accredited Investor Only Fund (‘AI Only Fund’) and Angel Funds.
  • ‘Launch’ of a scheme means circulation of its PPM to investors for soliciting funds.
  • Working days exclude Saturdays, Sundays and public holidays on which the relevant SEBI office is closed and published on the SEBI website.

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