AIF Regulation, SEBI

Category I AIF

Category I Alternative Investment Funds aim to channel investments into sectors that support long-term economic growth and social welfare. These typically include early-stage businesses, infrastructure projects, and ventures focused on inclusive development. Because of their developmental role, the government often encourages them through tax benefits, regulatory support, or relaxed investment norms. Investors in Category I AIFs generally take a long-term view and are willing to accept higher risks in exchange for potentially substantial returns.

  • Venture Capital Funds
  • SME Funds
  • Infrastructure Funds
  • Social Venture Funds

If you are interested

AIF Regulation, SEBI

Category II AIF

Category II Alternative Investment Funds primarily invest in private businesses, debt instruments, and other structured strategies that do not fall under Category I or III. These funds are not focused on early-stage or socially driven sectors, nor do they employ complex leverage or speculative trading. Instead, they offer a middle ground targeting companies with strong fundamentals that require capital for expansion, restructuring, or long-term growth. While these funds don't receive special regulatory incentives, they can operate flexibly and are subject to standard SEBI compliance. Leverage is not permitted, except for routine operational needs.

  • Private Equity Funds
  • Debt Funds
  • Real Estate Funds

If you are interested

Abakkus Asset Manager

Emerging Opportunities
Small & Mid Cap Cat-III ( Invest in Hedge Fund, Unlisted Share, Derivatives)

Motilal Oswal

Founders Fund Series 1
Multi cap & Flexi Cap Cat-III ( Invest in Hedge Fund, Unlisted Share, Derivatives)

ICICI Prudential

Equity Opportunities Fund
Multi cap & Flexi Cap Cat-III ( Invest in Hedge Fund, Unlisted Share, Derivatives)

ICICI Prudential

Emerging Leaders Fund
Multi cap & Flexi Cap Cat-III ( Invest in Hedge Fund, Unlisted Share, Derivatives)

Buoyant

Opportunities Strategy 1
Multi cap & Flexi Cap Cat-III ( Invest in Hedge Fund, Unlisted Share, Derivatives)

Abakkus Asset Manager

Diversified Alpha Fund
Mid & Large Cap Cat-III ( Invest in Hedge Fund, Unlisted Share, Derivatives)

ICICI Prudential

Growth Leaders Fund
Multi cap & Flexi Cap Cat-III ( Invest in Hedge Fund, Unlisted Share, Derivatives)

Abakkus Asset Manager

Growth Fund
Mid & Large Cap Cat-III ( Invest in Hedge Fund, Unlisted Share, Derivatives)

Abakkus Asset Manager

Diversified Alpha Fund
Mid & Large Cap Cat-III ( Invest in Hedge Fund, Unlisted Share, Derivatives)

Abakkus Asset Manager

Growth Fund
Mid & Large Cap Cat-III ( Invest in Hedge Fund, Unlisted Share, Derivatives)

Aditya Birla Sun Life AMC

Equity Opportunities Fund
Multi cap & Flexi Cap Cat-III ( Invest in Hedge Fund, Unlisted Share, Derivatives)

ICICI Prudential

Enhanced Dynamic Equity Fund
Aggressive Apporach Cat-III ( Invest in Hedge Fund, Unlisted Share, Derivatives)

Neo Asset

Treasury Plus Fund
Multi cap & Flexi Cap Cat-III ( Invest in Hedge Fund, Unlisted Share, Derivatives)

Motilal Oswal

Hedged Equity Multi Factor Strategy
Multi cap & Flexi Cap Cat-III ( Invest in Hedge Fund, Unlisted Share, Derivatives)

Aditya Birla Sun Life AMC

Equity Service Fund
Multi cap & Flexi Cap Cat-III ( Invest in Hedge Fund, Unlisted Share, Derivatives)

Aditya Birla Sun Life AMC

India Special OpportuniteFund
Multi cap & Flexi Cap Cat-III ( Invest in Hedge Fund, Unlisted Share, Derivatives)

ICICI Prudential

Long Short Fund
Conservative Apporach Cat-III ( Invest in Hedge Fund, Unlisted Share, Derivatives)

Frequently Asked Questions

updated 2025
1. What is AIF investment?
AIF investment means investing in Alternative Investment Funds that invest in assets like private equity, real estate, venture capital, and hedge strategies under SEBI regulations.
2. Who is eligible for AIF investment?
AIF investment is suitable for high-net-worth individuals, NRIs, corporates, and institutional investors who meet SEBI eligibility criteria.
3. What is the minimum amount required for AIF investment?
The minimum investment for AIF investment is usually ₹1 crore per investor, as prescribed by SEBI guidelines.
4. What are the types of AIF investment?
AIF investment is divided into three categories: Category I, Category II, and Category III, based on investment strategy and risk level.
5. Is AIF investment safe?
AIF investment involves higher risk than traditional investments and returns depend on market conditions and fund performance.
6. How to invest in AIF?
You can invest in an Alternative Investment Fund (AIF) by completing your KYC, choosing a suitable AIF scheme based on your financial goals, and investing through RR Finance with expert guidance.

Disclaimer : Past performance of Portfolio Managers/Investment Approaches, including model portfolios, is not indicative of future results and has been obtained from public sources. RR Finance and its representatives make no representation or warranty, express or implied, as to the accuracy, completeness, or reliability of such information. Investors are requested to carry out their own independent due diligence and consult their financial advisors before making any investment decisions. Investments are subject to market risks. Read all scheme related documents carefully.

SEBI Registration No: NSE Cash: INB231219636 | SEBI Registration No: NSE Derivative: INF231219636 | SEBI Registration No: BSE Cash: INB011219632 | SEBI Registration No: MCX-SX: INE261219636 | SEBI Registration No: NSE Currency: INE231219636 | SEBI Registration No: USE: INE271219631 | SEBI Registration No: CDSL: IN-DP-CDSL-3242005 | NCDEX Membership No: 00635 | MCX Membership No: 28850 | NSEL Membership No: 10650 | RBI Registration No: NBFC: N-14.03215 | IRDA Registration Number : CB-066/03 | AMFI Registration No : ARN -0032| SEBI Registration No: Merchant Banker: INM000007508

* Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.