The Securities and Exchange Board of India (Sebi) has introduced a new green channel mechanism, known as GARUDA, aimed at accelerating the rollout of Alternative Investment Fund (AIF) schemes in India. This move is expected to benefit accredited investor-only funds and large value funds, which can now launch their AIF plans in as little as ten days after filing their placement memorandum. This development is significant as it will enable quicker introduction of new AIF plans, potentially attracting more investors to the space.
7 lakh crore as of March 2024. The introduction of the GARUDA framework is expected to further boost investor confidence and participation in the AIF market. The impact of this move on the Indian markets is yet to be seen, but experts believe that it may lead to an increase in foreign investment in the AIF space.
As a result, Indian investors may benefit from a wider range of investment opportunities and potentially higher returns. With this new framework in place, it remains to be seen how the Indian AIF market will evolve and impact the broader financial landscape.