Under SEBI's revised AIF framework, angel funds registered before September 10, 2025 have until September 8, 2026 to onboard only Accredited Investors, and may keep at most 200 non-accredited investors during the transition. Every angel fund must also secure a minimum of five Accredited Investors before declaring its first close, which existing funds must do on or before September 8, 2026.
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SEBI angel funds must onboard only accredited investors by Sept 8, 2026
Why this matters for founders
If you're raising an angel round through a SEBI-registered angel fund, confirm now that the fund is accredited-investor compliant before the September 8, 2026 cutoff, or a non-compliant fund may be unable to accept fresh contributions to back your deal.
Source: Treelife
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