H K Davra & Co. Material Changes in AIFs: Meaning, Examples and SEBI's Mandatory Process An Alternative Investment Fund (AIF) scheme changes over its life. Service providers are replaced, disclosures are refreshed and processes are refined. Most of these are routine updates. A few, howeve... AIF Fund Governance Investor Protection Material Change SEBI 26-Jan-2026
H K Davra & Co. Change in Sponsor or Manager of an AIF: When 75% Investor Consent Replaces the Exit Option A change in the sponsor or investment manager of an Alternative Investment Fund (AIF), or a change in their control, is a material change. The default consequence is that investors who disagree must b... AIF Fund Governance Material Change SEBI 21-Jan-2026
H K Davra & Co. Exit Option for Material Changes in AIFs: Open-Ended vs Close-Ended Schemes When an Alternative Investment Fund (AIF) makes a material change, such as bringing in a new investment manager or increasing fees, investors who committed on the old terms are entitled to leave. SEBI... AIF Investor Protection Material Change SEBI 14-Jan-2026