India: Fund Management/ REITs

Private equity funds operate as pooled investment vehicles with typical lifespans of 10 to 12 years, where limited partners (“LPs”) commit capital upfront for deployment by the general partner (“GP”).

SEBI, vide circular dated 30 April 2026 has introduced a fast-track mechanism for launch of schemes/fund in respect of the Private Placement Memorandum filed under the SEBI (Alternative Investment Fund) Regulations, 2012 as part of SEBI’s continuing efforts to streamline regulatory processes and enhance the ease of doing business.

The first half of the new Financial Year has seen a flurry of regulatory activity from the International Financial Services Centres Authority (IFSCA) with 3 (three) circulars being issued during the first half of April 2026, signalling a clear move toward a more regulated and professionally accountable fund management ecosystem in Gujarat International Finance Tec-City (GIFT City).

The Securities and Exchange Board of India (SEBI), at its 213th board meeting held on 23 March 2026, approved amendments to the "fit and proper person" criteria prescribed under Schedule II of The Securities and Exchange Board of India (Intermediaries) Regulations, 2008 (Intermediaries Regulations).

The Reserve Bank of India (RBI) has released a Draft Revised Master Direction on Credit Derivatives in February 2026, inviting public comments before finalising the framework.

RBI published its Draft Second Amendment Directions 2026 to the "Commercial Banks - Credit Facilities" framework on February 2026 which introduces a systematized approach for banks to provide credit to Real Estate Investment Trusts (REITs) and establishes unified standards for Infrastructure Investment Trusts (InvITs).

The Insurance Regulatory and Development Authority of India has issued new guidance addressing a critical compliance challenge for Indian insurers seeking to invest in Alternative Investment Funds...

The alliance between Jio Financial Services Limited ("Jio") and BlackRock Group marks a significant development in India's financial services market.

On January 27, 2026, IFSCA granted a one-time window to Venture Capital Schemes and Restricted Schemes to extend the validity of their Placement Memoranda (PPMs) due to market-related fundraising delays.