SEBI fast-tracks AIF launches via GARUDA mechanism

SEBI introduced the GARUDA mechanism to fast-track alternative investment fund (AIF) launches.

Regular AIF schemes can commence operations after a 10-working-day window from filing the Placement Memorandum (PPM) with SEBI.

The framework aims to reduce delays in launching AIF schemes by streamlining the review process.

The GARUDA mechanism applies to regular AIF schemes, not all fund types.

SEBI's move is expected to speed up time-to-market for new AIF offerings.