Alerts & Updates 7th Aug 2026

Master Circular for AIFs modified to operationalize GARUDA for launch of AIF Schemes

Authors

Vinod JosephPartner | Mumbai
Paridhi Jain
Paridhi JainSenior Associate | Mumbai
Janhavi Shandilya
Janhavi ShandilyaAdvocate | Mumbai

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Pursuant to the amendment of the SEBI (Alternative Investment Funds) Regulations, 2012 on July 14, 2026, SEBI has issued a circular dated July 30, 2026, to modify the Master Circular for AIFs and prescribe the operational modalities of the GARUDA Mechanism for the launch of AIF schemes. In this Update, we have reviewed the changes to the SEBI Master Circular for AIFs and analysed their impact.

Read the detailed update here

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