Perspective

Thought leadership

Considered views on the regulatory, tax and capital-market changes shaping Indian business.

FundsArticle

Placement Agent Agreements for AIF Fundraising: Structuring, Fees & SEBI Compliance Considerations

A placement agent can significantly accelerate an AIF fundraising process, but the relationship requires careful structuring. This guide explains placement agent agreements for AIF managers, including regulatory considerations, fee structures, exclusivity arrangements, investor solicitation responsibilities, confidentiality obligations, tail provisions and key legal safeguards under India's evolving SEBI framework

CA Anuj Desai · 15 Jul 2026

FundsArticle

Data Room Preparation for AIF Fundraising — Complete LP Due Diligence Checklist

A practical AIF fundraising data room checklist covering regulatory documents, legal agreements, governance framework, compliance records, financial information, track record verification, and institutional LP due diligence requirements

CA Anuj Desai · 15 Jul 2026

FundsArticle

Building an Internal SOP Manual for a First-Time AIF Manager — Complete Governance Framework

A complete guide for first-time AIF Managers to build an internal SOP manual covering investment processes, compliance controls, investor reporting, operational workflows, governance practices, and SEBI inspection readiness.

CA Anuj Desai · 15 Jul 2026

FundsArticle

Fund Accounting Software for AIFs — Evaluation Checklist, Features & Selection Framework

A practical guide for AIF Managers evaluating fund accounting software covering NAV computation, investor accounting, waterfall modelling, portfolio valuation, regulatory reporting, integrations, security, and scalability.

CA Anuj Desai · 15 Jul 2026

FundsArticle

How to Select a Fund Administrator for an AIF — RFP Questions & Evaluation Checklist

A practical AIF fund administrator selection guide covering NAV computation, investor reporting, regulatory support, technology capability, fee evaluation, RFP questions, and operational due diligence for fund managers

CA Anuj Desai · 15 Jul 2026

FundsArticle

Liquidity Planning for HNIs Investing in AIFs: Managing Capital Calls, Commitments and Illiquid Investments

AIF investments require careful liquidity planning because capital commitments are drawn through future capital calls while distributions remain uncertain. This article explains how HNIs should plan for AIF commitments, cash-flow requirements, illiquidity periods, capital calls and long-term portfolio sustainability.

CA Anuj Desai · 15 Jul 2026

FundsArticle

Key Man Insurance in AIF Fund Management: Importance, LP Expectations and Succession Planning

Key man insurance protects AIF investors against the risk of losing critical investment professionals whose expertise drives the fund's strategy and performance. This article explains why LPs evaluate key person risk, how key man policies work, their relationship with PPM key person clauses and their role in fund succession planning.

CA Anuj Desai · 15 Jul 2026

FundsArticle

Zombie Funds in AIF Investing: Meaning, Warning Signs and How Investors Can Identify Them

Zombie funds are ageing investment funds that remain legally active but fail to generate meaningful exits, distributions or portfolio value creation. This article explains how AIF investors can identify zombie fund risks, evaluate manager incentives, understand fund extensions and protect long-term private market investments.

CA Anuj Desai · 15 Jul 2026

FundsArticle

How Many AIFs Should an HNI Hold? AIF Portfolio Construction Strategy for Private Market Diversification

Determining how many AIFs an HNI should hold requires more than selecting multiple funds. This article explains AIF portfolio construction, diversification across managers, strategies and vintage years, minimum investment constraints and how HNIs can build a long-term private market allocation.

CA Anuj Desai · 15 Jul 2026

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