Sebi board to speed up AIF launches, bring back open-market buybacks at 19 June meet

The regulator is also set to ease intraday borrowing rules for mutual funds and eliminate merchant-banker mandates for niche investment schemes.

Under the proposal, standard AIF schemes can launch just 10 working days after filing with the regulator, down from the current 30-day waiting period, unless Sebi directs otherwise. For a fund’s first scheme, the launch would be allowed from the date of registration or 10 working days after filing, whichever comes later.