Alternative Investment Funds (AIF) Advisory & Execution

Unmatched Expertise, End-to-End Solutions

Navigating India's AIF landscape demands more than just compliance – it requires foresight, finesse, and financial acumen. At Anuj Desai & Associates, we bring decades of top-tier Chartered Accountancy experience and deep-rooted exposure across asset classes, fund structures, and regulatory frameworks to help you master the complex world of Alternative Investment Funds.

Whether you're a fund sponsor, fund manager, or investor, we deliver 360-degree solutions – from conceptualisation to ongoing compliance – with the precision, authority, and strategic clarity that only a leading CA firm can provide.

Our AIF Services – Precision-Led. Partner-Focused. Results-Driven.

AIF Structuring & Setup Advisory

  • Expert guidance on choosing the right AIF Category (I, II, or III)
  • Jurisdiction selection: Domestic AIF vs. IFSC (GIFT City)
  • Legal-structural advisory – trust, LLP, company-based fund vehicles
  • Coordination with legal counsel for Trust Deed, PPM, and Fund Documentation
  • Sponsor & Manager structuring with tax and regulatory optimisation
  • Engagement with SEBI, IFSCA and relevant regulatory bodies

Registration & Regulatory Liaising

  • End-to-end SEBI/IIFSCA registration support
  • Preparation and vetting of application forms and declarations
  • End-to-end liaising with SEBI including response to queries and deficiencies
  • Ongoing regulatory filings and reporting (PMLA, FATCA, CRS, etc.)

Fund Accounting & Administration

  • NAV computation and investor-level accounting
  • Capital call management, drawdowns and distribution waterfall monitoring
  • Performance fee & carry calculations
  • Investor MIS and financial reporting
  • Backend setup with fund admin software and ERP integration

Audit, Assurance & Valuation

  • Statutory audit of AIF and underlying SPVs
  • Valuation of portfolio assets as per IBBI/SEBI/Ind AS norms
  • Audit of carried interest computations and management fee models
  • Internal control audits & forensic assessments (if required)

Tax Structuring & Compliance

  • Domestic and cross-border tax structuring for AIFs and investors
  • Pass-through status and impact analysis (section 115UB, etc.)
  • Withholding tax advisory (domestic and NR investors)
  • GST on fund management services – interpretation and implementation
  • Filing of income tax returns, TDS returns, equalisation levy, etc.

Ongoing Compliance & Reporting

  • Periodic filings with SEBI, IFSCA and custodians
  • Investor communication packs, capital account statements
  • FATCA/CRS compliance & reporting
  • Assistance in preparing board notes and investor presentation packs
  • Risk, compliance and governance advisory

Transaction Support & Due Diligence

  • Pre-investment diligence on portfolio companies
  • Post-deal monitoring and financial oversight
  • Exit readiness and IPO support
  • Tax and regulatory due diligence for both portfolio and fund

IFSC (GIFT City) AIF Expertise

  • IFSC AIF structuring and registration under IFSCA
  • Tax holiday advisory and impact analysis under IFSC regime
  • Liaising with IFSCA and local authorities
  • IFSC-specific fund accounting and compliance

Who We Serve

  • Family offices & HNIs seeking bespoke fund vehicles
  • Venture capital and private equity sponsors
  • Hedge fund managers & wealth managers
  • Foreign institutional investors setting up India-dedicated AIFs
  • Fund administrators, custodians, and trustees

Why Partner with Anuj Desai & Associates?

  • CA-led advisory with real-time insights into fund structuring, tax and SEBI compliance
  • Seamless coordination between legal, tax, and compliance teams
  • Strong execution capability backed by deep regulatory experience
  • Unmatched domain knowledge in AIFs, PE/VC, REITs, InvITs, and fund finance
  • Confidential, solution-oriented, and strategic approach