In a circular issued on March 4, the regulator said that AIFs are now required to submit quarterly performance reports within 15 calendar days from the end of each quarter, in a format hosted by the Indian Venture and Alternative Capital Association (IVCA).
Sebi noted that the reporting format has been revised to incorporate changes in AIF regulations and related circulars.
The move aims to improve ease of doing business and reduce compliance costs. The regulator said that the frequency of submission of reports has been reviewed in consultation with the Standards Forum of AIFs, and that a working group constituted by Sebi.
Under the revised framework, AIFs will now be required to submit a comprehensive annual activity report by the end of March of each financial year. The report should be filed online on the SEBI Intermediary Portal (SI Portal) within 30 calendar days from the end of March. The first annual report will cover the year ending March 2026 and must be submitted by May 31.
In addition, AIFs will continue to submit a limited quarterly activity report in a revised format within 15 calendar days from the end of each quarter. The first such quarterly report under the new system will be for the quarter ending June 2026. However, a separate quarterly submission will not be required for the March quarter, as the annual report will include these data points.
The revised reporting formats will be made available on the IVCA website within three days of the publication of the circular, and the association will help AIFs understand the new requirements and resolve issues related to reporting. The changes are implemented with immediate effect.
