Devansh Singhal

How to Vet an AIF Manager

10 Due Diligence Checks Before You Invest

What Happens If You Commit ₹1 Crore to an AIF and Then Default Midway?

When you invest in an Alternative Investment Fund (AIF), you usually don't transfer the full ₹1 crore on day one. You sign a commitment, and the fund calls the money in instalments as it finds investments. But what if you cannot, or do not, pay one of those instalments? This article explains what a default means, what typically follows, and how to avoid it.

Demat Accounts for AIF Investments: What Changed and What Investors Must Do

If you have invested in an AIF, or plan to, you will be asked for something that used to be optional: demat account details. Here is what changed, why, and what you need to do.

SME and Venture Capital AIFs: How They Work and What Risks to Weigh

India’s startup and small-business story has made venture capital and SME funds a popular topic. Both sit within Category I AIFs. They can offer access to young companies, but they carry risks that investors should understand before committing ₹1 crore or more.

How NRIs Can Invest in AIFs in India: Eligibility, FEMA Rules and Taxation

Alternative Investment Funds are no longer only for resident investors. Non-Resident Indians (NRIs) can participate too, but the rules around funding, repatriation and tax are different from those for residents. This guide covers the essentials.

AIF Costs: Fees, Hurdles and Carry on a ₹1 Crore Investment

Every AIF pitch talks about returns. The number that decides how much of them you keep is the one on the other side of the page: what it costs to get them. This article walks down the cost staircase of a ₹1 crore AIF investment, one step at a time, and shows what lands in your hands at the bottom.

Anchor Investors: How Some AIFs Get Into an IPO Before You Can

When you see an IPO “open for subscription” on Monday, a group of large institutions has often already placed its orders on Friday. These are the anchor investors, and some of them are Alternative Investment Funds. Here is how that works and what it means if you invest through an AIF.

7 Numbers That Matter (and 3 That Mislead) on an AIF Factsheet

A factsheet for an Alternative Investment Fund is usually two pages of dense figures. Some of them tell you how the fund is actually doing. Others are there to look good. Here is how to tell them apart.

5 Red Flags to Spot Before Investing in Any AIF

AIFs are a regulated route into private markets, but "regulated" doesn't mean "risk-free," and SEBI's framework leaves plenty of room for fund quality to vary widely. Before you commit capital, here are five warning signs worth checking for.

Tax Mistakes AIF Investors Make With Category III Funds

Category III AIFs have been the fastest-growing segment of India's AIF industry — up over 43% year-on-year — but their tax treatment is fundamentally different from Category I and II funds, and that difference catches a lot of investors off guard. Here are three mistakes worth avoiding.

5 Things Most People Get Wrong About AIFs in India

Alternative Investment Funds have moved from a niche product to a ₹15.74 lakh crore industry in under fifteen years. Yet the conversation around them is still stuck in half-truths — some too cautious, some too rosy. Here are five of the most common misconceptions, and what's actually true.

AIF Glossary: Every Term Investors Should Know

The vocabulary that shows up in every Private Placement Memorandum and SEBI circular, in plain terms, organised alphabetically.

SEBI AIF Regulations 2012: Full Compliance Checklist

A working checklist across the life of an Alternative Investment Fund — from SEBI registration through ongoing disclosure — built around the SEBI (Alternative Investment Funds) Regulations, 2012, as amended.

AIF Structure Explained: Sponsor, Trustee, Manager & Contributor

Every Alternative Investment Fund registered with SEBI rests on the same four-way relationship. Here's who does what, who answers to whom, and why it matters when you're evaluating a fund.