Mumbai, June 20 -- The Securities and Exchange Board of India (SEBI) has approved the Green-Channel: AIF Rollout Upon Document Acknowledgement (GARUDA) mechanism to accelerate the launch of Alternative Investment Fund (AIF) schemes.

The decision was taken through amendments to the SEBI (Alternative Investment Funds) Regulations, 2012 at the regulator's board meeting held on 19 June 2026.

SEBI said the move is aimed at reducing launch timelines and enabling faster deployment of capital by AIFs. The initiative builds on the regulator's earlier measures announced on 30 April 2026 to streamline scheme launches.

Under the GARUDA mechanism, the launch timeline for non-accredited investor schemes, excluding Large Value Funds (LVFs), Accredite...