Market regulator SEBI has eased the reporting burden for Alternative Investment Funds (AIFs) by replacing the existing full quarterly activity reporting system with a mix of annual and limited quarterly disclosures, under a recent circular.

Under the revised framework, AIFs will now have to submit a comprehensive Annual Activity Report at the end of March each financial year through SEBI’s Intermediary Portal within 30 calendar days from the end of the month. For the year ending March 2026, the first such annual report must be filed by May 31, 2026.

In addition, SEBI has retained a limited Quarterly Activity Report requirement. This revised quarterly filing will have to be submitted within 15 calendar days from the end of each quarter, with the first such report due for the quarter ending June 2026. However, no separate quarterly filing will be needed for the March quarter, as the annual report will include those data points.

The regulator said the reporting format has been reviewed to reflect changes made to the AIF Regulations and related circulars. It added that the move was also aimed at improving ease of doing business and followed recommendations to reduce compliance costs.

SEBI said the revised reporting formats will be hosted on IVCA’s website within three days of the circular. The new circular supersedes Clause 15.1 of Chapter 15 of the SEBI Master Circular for AIFs dated May 7, 2024, and has come into force with immediate effect.

Source: https://www.sebi.gov.in/legal/circulars/mar-2026/regulatory-reporting-by-aifs_100120.html