India, Sept. 8 -- Markets regulator SEBI has extended the deadline for angel funds to comply with the new accredited investor mandate by nearly seven months until March 31, 2027 after receiving representation from the AIF industry.

The relaxation applies to angel funds registered with SEBI on or before September 10, 2025. These funds were earlier required to comply with the mandate by September 8, 2026.

Until the revised deadline, such funds will be allowed to offer investment opportunities to a maximum of 200 non-accredited investors, SEBI said in a circular released yesterday.

For context, an accredited investor is an investor who meets SEBI-prescribed financial eligibility criteria and has been formally accredited. The eligibility c...