The Securities and Exchange Board of India (SEBI) approved the GARUDA framework for Alternative Investment Funds (AIFs).
GARUDA (Green-Channel: AIF Rollout Upon Document Acknowledgement) reduces the launch timeline for regular AIF schemes from about 30 days to 10 working days.
Accredited Investor-only schemes and Angel Funds can launch immediately after SEBI acknowledges their documents.
Alternative Investment Funds (AIFs) are privately pooled investment vehicles regulated under the SEBI (Alternative Investment Funds) Regulations, 2012.
The framework was introduced through a consultation paper issued in May 2026 and implemented by amending the SEBI (Alternative Investment Funds) Regulations, 2012.