New Delhi, Aug. 4 -- The Securities and Exchange Board of India (SEBI) has introduced the Green-Channel: AIF Rollout Upon Document Acknowledgement (GARUDA) framework, allowing eligible Alternative Investment Fund (AIF) schemes to launch within 10 working days of filing their Private Placement Memorandum (PPM), unless the regulator raises objections.

The new framework replaces a process that often took around a month for scheme launches. While GARUDA is aimed at improving ease of doing business for the alternative investment industry, experts believe its benefits could also extend to investors through faster fundraising, quicker capital deployment and a wider range of AIF offerings over time.

According to Chirag Shah, Executive Director,...