How to compute AIF tax in the context of mutual funds

Tue, 19 May 2026 00:00:00 +0000

Alternative Investment Funds (AIFs) are private-pool investment vehicles regulated by SEBI separately from mutual funds. AIF investments require minimum Rs 1 crore (typically). For retail MF investors, AIF exposure usually comes via PMS or wealth-manager portfolios. AIF taxation depends on category and is more complex than MF taxation.

Conflict-of-interest disclosure. This guide is published by WebNotes Editorial Team for informational purposes. WebNotes has no commercial relationship with any AIF or wealth manager. No affiliate commission is earned. For substantial AIF holdings, consult a CA specialised in alternative investments.

SEBI Specialised Investment Funds (SIF) framework

Tue, 12 May 2026 00:00:00 +0000

SEBI Specialised Investment Funds (SIF) are a new category of investment vehicle introduced by SEBI circular SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/26 dated 7 March 2024, occupying a regulatory space between mutual funds (which are widely accessible, including to retail investors) and Alternative Investment Funds (AIFs), which are accessible only to sophisticated investors with a minimum commitment of ₹1 crore. SIFs are designed for “sophisticated” or “knowledgeable” investors with a minimum investment ticket of ₹10 lakh, enabling strategies that are not permissible under the standard SEBI (Mutual Funds) Regulations, 1996 investment restrictions. SIFs are offered by existing registered mutual fund AMCs under the same regulatory umbrella as mutual funds, without requiring a separate AIF registration. The framework is administered by the SEBI Investment Management Department .

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How to compute AIF tax in the context of mutual funds

SEBI Specialised Investment Funds (SIF) framework