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ARTICLE · 24 MARCH 2026

SEBI Revises Reporting Framework For Alternative Investment Funds (AIFs)

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The Securities and Exchange Board of India ("SEBI") by way of circular dated 04.03.20261 ("AIF Circular")...

IndiaFinance and Banking
Shruti Kanodia
Shruti Kanodia

The Securities and Exchange Board of India (“SEBI”) by way of circular dated 04.03.20261 (“AIF Circular”), has revised the regulatory reporting framework applicable to Alternative Investment Funds (“AIFs”). The AIF Circular supersedes the provisions under Clause 15.1 of the “Reporting by AIFs” of the Master Circular for Alternative Investment Funds dated 07.05.2024 (“Master Circular for Reporting by AIFs”).

SEBI has replaced the existing quarterly reporting requirement under the Master Circular for Reporting by AIFs, with a two-tier reporting structure, namely:

  1. a comprehensive Annual Activity Report to be submitted by all AIFs on the SEBI Intermediary Portal ("SI Portal") within 30 calendar days from the end of March of every financial year, with the first such report due by 31.05.2026 for the year ending March 2026; and

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