SEBI Proposes GARUDA Framework to Speed Up AIF Scheme Launches
| Topic | Details |
|---|---|
| SEBI's Proposal | Introduced GARUDA (Green-Channel: AIF Rollout Upon Document Acknowledgement). |
| Objective | Simplify and speed up the launch of Alternative Investment Fund (AIF) schemes. |
| Accredited Investor Schemes | Relaxation for Accredited Investor-only schemes and Angel Funds: |
| - No merchant banker filing required. | |
| - Fund managers can directly submit PPM to SEBI. | |
| - Schemes can launch immediately after filing. | |
| Benefits of GARUDA | - Faster capital deployment. |
| - Ease of doing business. | |
| - Support for startup ecosystem. | |
| - Increased investor confidence. | |
| Regulatory Oversight | SEBI will conduct post facto scrutiny based on risk assessment and initiate action if violations are found. |