The Securities and Exchange Board of India (SEBI) has simplified the process for granting accreditation to investors in Alternative Investment Funds (AIFs). Investment managers can now finalize contribution agreements and related formalities before investors receive formal accreditation certificates, easing operational bottlenecks. However, investor commitments will only count towards the scheme's corpus and funds can only be accepted after formal certification is completed. Documentation requirements for net-worth based accreditation have also been relaxed, making it optional for chartered accountants to state the exact net worth.