What are AIF Category III Funds?
SEBI Category I AIFs invest in sectors considered economically and socially desirable — startups, infrastructure, SMEs, social ventures, and more. They receive certain concessions or incentives from SEBI and the government. Minimum investment is ₹1 Crore (₹25 Lakh for Angel Funds).
- Angel Funds: Pre-seed & seed-stage startup investments (min ₹25 Lakh)
- Venture Capital: Growth-stage startups and emerging businesses
- Infrastructure: Roads, power, logistics, and public-asset projects
- SME Funds: Unlisted small & medium enterprises with high growth potential
- Social Venture: Impact-focused funds targeting financial inclusion & ESG goals
Sub-categories of AIF Category III
Category I covers 8 distinct sub-categories across 59 listed funds:
- Angel Funds — 8 funds (min ₹25 Lakh)
- Art Funds — 5 funds
- Infrastructure Funds — 8 funds
- Other Sector Funds — 7 funds
- SME Funds — 6 funds
- Social Venture Funds — 7 funds
- Venture Capital Funds — 12 funds
- Venture Debt Funds — 6 funds