SEBI has introduced the GARUDA framework to accelerate the launch of Alternative Investment Fund (AIF) schemes while retaining disclosure and due diligence requirements. Here's a look at what AIFs are, how SEBI classifies them into three categories, and what the new framework changes for fund managers.

The Securities and Exchange Board of India (SEBI) has introduced a new framework to speed up the launch of Alternative Investment Fund (AIF) schemes, allowing eligible funds to commence operations within 10 working days of filing their Private Placement Memorandum (PPM), unless the regulator raises any objections. The framework, called Green-Channel: AIF Rollout Upon Document Acknowledgement (GARUDA), is aimed at reducing launch timelines while retaining disclosure and due diligence requirements.....

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Via businesstoday.in