Why is Adhering to the Category I AIF Compliance Calendar Needed?

If you are operating a category I alternative investment fund in India, complying with SEBI (Alternative Investment Funds) Regulations, 2012 is essential to ensure smooth fund operations, regulatory certainty, and strong investor confidence. The category I AIF compliance calendar is a structured schedule of regulatory filings, disclosures, audits, and certifications for venture capital funds, SME funds, and social venture funds.

The Category I AIF compliance calendar 2026 ensures that fund managers and sponsors adhere to the investment conditions prescribed by socially and economically beneficial sectors, thereby maintaining proper risk management and valuation practices. Connect with Enterslice to build long-term investor trust and time-bound obligations, while continuing to operate in line with SEBI’s regulatory framework.

Quarterly Regulatory Reporting to SEBI

Periodic Investor Disclosures on Fund Performance

Monitor Compliance with Category I Investment Conditions

Intimate SEBI for Material Changes in Fund Strategy

Category I AIF Commitments (β‚Ή90,000 - β‚Ή92,000 Crore Approx)

Category I Funds Raised (β‚Ή54, 224 Crore)

Prevent Penalties with Enterslice’s Category I AIF Compliance Calendar Tracker

Let our experts manage your AIF compliance, SEBI reporting, and regulatory filings with accuracy and efficiency. Stay up to date with our Category I AIF Compliance Calendar Tracker.

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Importance of SEBI Category I AIF Compliance Calendar

The importance of the SEBI Category I AIF Compliance Calendar is as discussed below:

Promotes Financial Inclusion

SEBI category I AIFs invest in socially and economically important sectors, thereby enabling continued capital flow into underserved and priority sectors of the economy.

Enhances Transparency and Accountability

SEBI category I AIF ensures transparent fund operations and accountability through regulatory filings, investor disclosures, valuation reports, and audited financial statements.

Build Investor Confidence

SEBI category I AIF helps build consistent trust and confidence, thereby making it easier to attract and retain institutional and accredited investors.

Supports Smooth Fund Operations

A well-maintained SEBI category I AIF compliance calendar supports uninterrupted fund activities, timely investor communication, and seamless coordination with auditors and valuers.

Risk Mitigation

Regular compliance with the Category I AIF calendar ensures adherence to investment conditions, valuation norms, and risk management frameworks applicable to Category I AIFs.

Ensures Operational Integrity

AIF category I compliance monitoring ensures adherence to SEBI governance norms, internal controls, investment conditions, and risk management practices, maintaining the overall integrity of Category I AIF operations.

Annual Compliance Calendar for AIF Category I

The half-yearly compliance calendar for alternative investment funds category I sets out the mandatory regulatory reporting, disclosures, and certifications that must be complied with twice each financial year.

Mandatory Compliance Description Regulatory Reference Submission By Submission To Deadline
Valuation and Cash Flow Data to Benchmarking Agencies Reporting of all necessary information, including scheme-wise valuation and cash flow data for the AIF schemes. SEBI Circular dated March 21, 2023 Investment Manager Performance Benchmarking Agencies Within 45 days from the half-year ending September 30; within 7 months for the half-year ending March 31
Valuation Report Disclosure of investment valuation, including valuation procedures and methodology used for asset valuation. Regulation 23(1) and 23(2) of SEBI (AIF) Regulations Investment Manager Investors Once every 6 months (can be annual with 75% investor approval by value)
Trustee / Board Review Review of fund operations, compliance status, conflicts of interest, and governance framework. Regulations 9 and 20 of SEBI (AIF) Regulations Trustee, Board, or Investment Manager Internal Half-yearly
Investor Grievance Reporting Reporting the status of investor complaints and their redressal. SEBI SCORES Guidelines AIF or Investment Manager SEBI SCORES (Portal) Half-yearly / Ongoing
ALM / KYC Review Review and updation of KYC, AML, and CFT compliance for investors. PMLA, 2002 and SEBI ALM Guidelines AIF or Investment Manager Internal Half-yearly
Material Change Disclosure Disclosure of any material change in fund structure, strategy, or key personnel. Regulation 15, SEBI (AIF) Regulations, 2012 AIF or Investment Manager Investors and SEBI As and when occurred

95% of Category I AIFs Miss At Least 3 SEBI Deadlines - Enterslice Keeps You 100% Compliant.

Half-Yearly Compliance Calendar for Alternative Investment Funds Category I

The annual compliance calendar for AIF category I outlines the mandatory yearly regulatory audit, disclosure, and reporting obligations, as discussed below:

Mandatory Compliance Description Regulatory Reference Submission By Submission To Deadline
Digital Accessibility Compliance Ensures that the website, investor communications, and disclosures comply with SEBI’s digital accessibility requirements. SEBI Circular on Digital Accessibility (2023) AIF or Investment Manager SEBI (on request) Within 1 month of the end of the financial year
Annual Audited Financial Statement Audit of AIF financial statements by a statutory auditor. Regulation 23(2), SEBI (AIF) Regulations, 2012 AIF / Manager Investors and SEBI (through portal) Within 6 months of the end of the financial year
Compliance Test Report (CTR) Certification confirming compliance with SEBI AIF regulations by SEBI-registered auditors. SEBI Circular on Compliance Test Report AIF or Investment Manager SEBI Within 30 days from the end of the financial year
Annual PPM Filing Consolidated filing of the revised PPM with SEBI and investors. β€” Investment Manager SEBI, Investors Within 1 month of the end of the financial year
PPM Audit Annual audit of compliance in terms of the PPM. β€” Investment Manager Trustee, Board / Designated Partners, SEBI Within 6 months of the end of the financial year
Statutory Audit Audit of the books of accounts of the AIF and its schemes under applicable laws. Regulation 20(14), SEBI (AIF) Regulations, 2012 Statutory Auditor Investment Manager Within 6 months from the end of the financial year (ideally by May 31 for Form 64D)
Annual Investor Reporting Reports on financials of investee companies and risk management. Regulation 22(g), SEBI (AIF) Regulations, 2012 Investment Manager Investors Within 180 days from year-end or earlier as per fund documents
FATCA / CRS Filing Reporting of financial transactions or reportable accounts for the previous calendar year. Section 285BA of the Income Tax Act Investment Manager Income Tax Department May 31 or as notified
Form 64D Income details distributed by the AIF in the previous financial year (excluding business income). Section 115UB, Rule 12CB Investment Manager Income Tax Department Within 15 days of distribution
Form 64C Investor-wise statement of income distributed in the previous financial year. Section 115UB, Rule 12CB Investment Manager Income Tax Department By June 30 following the financial year
Income Tax Return Filing of income tax return and other applicable tax compliances. Income Tax Act, 1961 AIF Income Tax Department As per applicable tax law due dates
Governance & Risk Management Review Review of internal controls, governance structure, and risk framework. SEBI AIF Regulations AIF / Manager Internal / Board Annually

Benefit from Enterslice’s 360Β° AIF Category I compliance management engine. Consult our experts today.

Quarterly Category I Alternative Investment Fund Compliance Calendar

The quarterly category I alternative investment fund compliance calendar sets out the mandatory reporting, disclosures, and tax-related filings, as discussed below:

Mandatory Compliance Description Regulatory Reference Submission By Submission To Deadline
Investor Complaint Data Maintenance and quarterly submission of investor complaint data. SEBI SCORES Guidelines Investment Manager SEBI (SCORES Portal) Within 7 days from the end of each quarter
SEBI Quarterly Activity Report Quarterly report on the activities of the AIF. SEBI Circular dated January 17, 2024 (as amended) Investment Manager SEBI (Intermediary Portal) Within 15 calendar days from the end of each quarter
Trustee Compliance Report Quarterly report on activities and compliance undertaken by the AIF. Regulation 20, SEBI (AIF) Regulations, 2012 Investment Manager Trustee As prescribed by the respective Trustee
TDS Return Quarterly filing of Tax Deducted at Source (TDS) returns. Income Tax Act, 1961 Investment Manager Income Tax Department As per applicable TDS due dates
Valuation of Investments Valuation of investments in accordance with the valuation policy and SEBI norms. SEBI Circular dated March 21, 2023 AIF or Investment Manager Internal / Investors Quarterly, as per the scheme
Risk and Compliance Review Review of risk exposure, internal controls, and regulatory compliance status. SEBI AIF Regulations and PPM AIF or Investment Manager Internal / Investors Quarterly

Monthly Category I Alternative Investment Fund Compliance Calendar

The monthly category I alternative investment fund compliance calendar for the alternative investment funds category I sets out the routine regulatory, tax, and reporting obligations, as discussed below:

Mandatory Compliance Description Regulatory Reference Submission By Submission To Deadline
TDS Payments Monthly payment of withholding taxes. Income Tax Act, 1961 Investment Manager Income Tax Department On or before the 7th of the following month
Escrow Reporting Reporting of investor-wise KYC details of units held in the Aggregate Escrow Demat Account, including name, PAN, bank account details, and audit trail of transactions. SEBI Master Circular Investment Manager Custodian Within 15 business days from the end of each month
Filing of Form InVI (FEMA Reporting) Filing of Form InVI when an AIF has issued units to a person resident outside India. Rule 4(10) of FEMA Regulations, 2019 Investment Manager Reserve Bank of India (RBI) Within 30 days from the date of issue of units
Reporting of All Cash Transactions Monitoring and reporting of cash transactions, suspicious transactions, and ensuring KYC compliance. PMLA, 2002 & SEBI AML Guidelines Investment Manager FIU-IND Monthly, as prescribed
Compliance Monitoring & Internal Review Ongoing compliance monitoring and internal review of regulatory obligations. SEBI (AIF) Regulations, 2012 AIF or Investment Manager Trustee Monthly

Event-Based Compliance Calendar for AIF Category I

The event-based compliance calendar for AIF category I is applicable upon the occurrence of specific events, rather than on a periodic basis, as discussed below:

Mandatory Compliance Description Regulatory Reference Submission By Submission To Deadline
Digital Accessibility Compliance Submission of a list of digital platforms used for investor interface and an action-taken report on digital accessibility requirements. SEBI Circular on Digital Accessibility (2023) AIF / Investment Manager SEBI Within 60 days from the date of issuance of the circular
Form InVi Filing Mandatory FEMA reporting when an AIF issues units to a person resident outside India. FEMA (Non-Debt Instruments) Rules, 2019 Investment Manager RBI Within 30 days from the issue of units (including partly paid-up units)
Form InVi Filing for Partly Paid-up Units Reporting for partly paid-up units issued prior to 23rd May, 2025. RBI Circular RBI/2025-26/40 dated 23-May-2025 Investment Manager RBI Within 180 days from the date of issuance of the circular (19-November-2025)
Form Downstream Investment (DI) Filing Filing required when AIF makes a downstream investment and the manager or sponsor is owned or controlled by a foreign entity. FEMA (Non-Debt Instruments) Rules, 2019 Investment Manager RBI Within 30 days from the date of allotment
Form FCTRS Filing Reporting transfer of capital instruments between resident and non-resident. FEMA (Non-Debt Instruments) Rules, 2019 Resident (Transferor or Transferee) RBI Within 60 days from receipt of funds or transfer of instruments, whichever is earlier
Form 15CA / 15CB Certification and reporting for withholding tax on foreign remittances. Income Tax Act, 1961 Investment Manager Income Tax Department At the time of foreign remittance
FLA Return Annual reporting of foreign liabilities and assets. Rule 4(2) of FEMA Regulations, 2019 Investment Manager RBI On or before 15th July of the following financial year
ODI Filing Compliance with overseas investment limits and reporting for foreign investments by AIF. SEBI Circulars on Overseas Investment by AIFs Investment Manager SEBI Before making an overseas investment
Investor Grievance Redressal Redressal of investor complaints received by the AIF. Regulation 24A(1) under SEBI (AIF) Regulations, 2012 Investment Manager Investors / SEBI (SCORES) Within 21 calendar days from receipt
Credit Default Swap (CDS) Transaction Reporting Reporting of CDS transactions entered into by the AIF. SEBI Circular on CDS for AIF Investment Manager Custodian By the next working day

Know our Deliverables Checklist for Category I AIF Compliance Calendar?

Have a look at our significant deliverables for the Category I AIF compliance calendar-

  • Annual Financial Audit & Reporting
  • AIF Compliance Test Report
  • Annual Private Placement Memorandum (PPM) Filing & Audit
  • Regulatory Reporting – Quarterly & Half-yearly
  • Investor Reporting & Disclosures
  • TDS & Tax Compliance
  • FEMA & Foreign Investment Compliance
  • AIF Compliance Management & Monitoring
  • Event-based Compliance Monitoring
  • Digital Accessibility Compliance Management
  • KYC, AML & CFT Compliance Management
  • Governance & Risk Management Review
  • Proactive AIF Audit Readiness

Facing roadblocks in meeting AIF Category I compliance needs?

Why Trust Enterslice for SEBI Category I AIF Compliance Calendar?

Managing Category I AIF compliance calendar requires strict adherence to SEBI-mandated compliance timelines for monthly, quarterly, half-yearly, annual, and event-based requirements. Connect with Enterslice experts to get access to a well-structured, regulator-aligned compliance calendar backed by deep expertise. AIF registration seekers must know AIF compliance needs. Here’s why Enterslice is the right partner for SEBI Category I AIF compliance calendar:

  • In-depth expertise and strong command over SEBI (AIF) Regulations
  • Ensures end-to-end handling of monthly, half-yearly, annual, and event-based filings
  • Support covering fund registration, PPM filings, investor disclosures, and SEBI reporting
  • Allows access to a network of 10,000+ regulatory experts for accurate and timely filings
  • Proven track record in managing SEBI inspections, audits, and ongoing compliance
  • Ensures timely InVi filings, DI reporting, FLA returns, and ODI compliance
  • Provides cost-effective compliance solutions specifically designed for Category I AIF
  • Ongoing assistance with investor onboarding, grievance redressal, and governance reporting
  • Proactive audits to mitigate regulatory risks and ensure audit readiness at all times
  • Multi-level checks to reduce filing errors, resubmissions, and regulatory observations
  • Real-time impact analysis of SEBI and RBI circulars
  • Integrated handling of SEBI, FEMA, RBI, Income Tax, and PMLA obligations
  • Ensures compliance with SEBI record-keeping and retention requirements

Frequently Asked Questions on SEBI Category I AIF Compliance Calendar

The challenges faced while managing AIF category I compliance include regulatory complexities, extensive documentation, strict investment across category I, II, and III AIFs, valuation complexities, high compliance burden, robust risk management, and a lack of internal compliance expertise.

Category I AIFs are primarily regulated by the Securities and Exchange Board of India, under the SEBI (Alternative Investment Funds) Regulations, 2012.

No, category I AIF cannot solicit funds from the general public or retail investors. They are strictly prohibited from public solicitation and must raise capital through private placement from sophisticated, high-net-worth individuals and institutional investors.

Yes, an annual audit is mandatorily required for category I AIFs under SEBI regulations. However, the audit of category I AIF further ensures financial statements are reviewed in compliance with their private placement memorandum (PPM).

SEBI sets different registration fees for AIF categories in India, with category I (except angel funds) at Rs. 5 lakhs, angel funds at Rs. 2 lakhs, category II at Rs. 10 lakhs and category III at Rs. 15 lakhs, plus 18% GST on the base fee.

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