The Securities and Exchange Board of India (SEBI) has overhauled the regulatory reporting framework for Alternative Investment Funds (AIFs), replacing the existing quarterly activity report regime with a combination of annual and limited quarterly filings, aimed at easing compliance burdens.
In a circular issued on Wednesday, SEBI said AIFs will now be required to submit a comprehensive Annual Activity Report within 30 calendar days from the end of each financial year. The first such report, for the year ending March 2026, must be filed by May 31, 2026, through the SEBI Intermediary Portal.
In addition, AIFs will file a limited Quarterly Activity Report in a revised format within 15 days of the end of each quarter, starting with the quarter ending June 2026. No separate quarterly report will be required for the March quarter, as the annual filing will subsume those data points.
The revised reporting formats will be hosted by the Indian Venture and Alternate Capital Association (IVCA), which will also assist AIFs in implementation. The changes supersede earlier provisions under the Master Circular for AIFs and take immediate effect, aligning with recommendations to reduce compliance costs while maintaining regulatory oversight.