Comprehensive fund administration, regulatory compliance, accounting and reporting services for Alternative Investment Funds (AIFs) and Portfolio Management Services (PMS) in India — engineered for precision, designed for growth.
100% Compliance Coverage
All SEBI, FEMA, IT Act & PMLA obligations tracked & filed"We built FundNerve to give India's alternative investment managers the institutional-grade administration partner they deserve."
— Founding Philosophy, FundNerveFundNerve is a specialist fund administration and compliance firm dedicated exclusively to India's alternative investment ecosystem. We serve as the operational backbone for AIFs across all three SEBI categories and Portfolio Management Service providers — enabling fund managers to focus entirely on generating returns.
Our team combines deep regulatory knowledge of the SEBI (AIF) Regulations 2012, SEBI (Portfolio Managers) Regulations 2020, and allied FEMA and Income Tax frameworks with rigorous operational discipline. We are strategic partners, not just administrators.
From fund formation to investor exits, FundNerve covers every operational, regulatory and reporting requirement — so your fund runs with institutional-grade discipline from day one.
End-to-end support for structuring, registration and launch of AIF and PMS entities in India, including all regulatory filings with SEBI and RBI.
Accurate, timely and independently verified financial bookkeeping and NAV computation aligned with applicable accounting standards.
Comprehensive management of all periodic SEBI filings, disclosures and regulatory obligations — ensuring your fund stays fully compliant at all times.
Full-spectrum investor relations and onboarding management, from KYC through capital calls and exit distributions with seamless communication.
Institutional-quality periodic reports covering portfolio performance, attribution, risk and regulatory metrics for fund managers and investors.
Coordination across income tax, GST, transfer pricing and legal obligations — ensuring full statutory compliance for the fund and its investors.
India's regulatory framework for alternative investments is layered and evolving. FundNerve's administration model is built ground-up for SEBI-regulated vehicles — so nothing falls through the cracks.
Category I AIFs include Venture Capital Funds (VCFs), SME Funds, Social Venture Funds and Infrastructure Funds. These funds invest in start-ups, early-stage companies, social enterprises and infrastructure projects, and enjoy pass-through tax status under SEBI regulations.
FundNerve provides a complete administration programme designed for the long-term, illiquid nature of Category I portfolios — with emphasis on drawdown schedules, portfolio monitoring, valuation reporting and exit event accounting.
Our dedicated Cat I compliance team tracks every SEBI circular, angel tax development and DPIIT notification that affects your fund and investee companies — keeping you ahead of regulatory change at all times.
Advisory and documentation support to ensure Section 56(2)(viib) exemption qualification for VCF investments, including Form 56FF filings.
Documentation support for investee companies seeking DPIIT recognition and related startup benefits under the Indian government framework.
Capital call scheduling, notice issuance, tracking of uncalled commitments and defaulting investor processes as per the fund's LPA.
Impact measurement frameworks and ESG/SDG-aligned reporting for Social Venture Funds, including SEBI ESG disclosure requirements.
Coordination of IPEV-compliant third-party valuations for private company holdings required quarterly under SEBI AIF Regulations.
Full accounting and reporting for IPO exits, M&A transactions, secondary sales and other liquidity events in the fund's portfolio.
Category II AIFs — including Private Equity Funds, Real Estate Funds, Funds of Funds and Debt Funds — represent the largest and most complex segment of the Indian AIF ecosystem. They do not use leverage for investment purposes and receive pass-through tax treatment.
Our administration services for Category II funds encompass complex waterfall structures, multi-tranche debt fund accounting, real estate valuation coordination and fund-of-funds reporting layers.
We handle the full operational lifecycle of Category II AIFs from first close to final wind-up — including SEBI extension applications, investor redemption processes and regulatory deregistration support.
Precise modelling of preferred returns, catch-up provisions, carried interest and profit-sharing waterfalls as per the fund's PPM.
Accrual accounting for structured debt instruments, NCDs, CCDs, ODIs and other alternative credit instruments with IRR tracking.
Administration support for funds that co-invest alongside or invest into REITs and InvITs under relevant SEBI regulations.
FEMA compliance, FCGPR / FCTRS filings, RBI reporting and FPI / FVCI register maintenance for foreign investors in the fund.
Consolidated reporting across multiple underlying funds including look-through analytics, aggregate performance and fee netting.
Separate scheme accounting, inter-scheme reporting and SEBI compliance for funds operating multiple investment schemes.
Category III AIFs — including Hedge Funds, PIPE Funds and other open-ended or complex strategy funds — employ diverse trading strategies including leverage. They attract high-net-worth investors seeking absolute returns uncorrelated with traditional asset classes.
FundNerve's Category III administration framework is built for velocity — handling daily NAV computation, margin reporting, derivatives accounting and complex investor subscription/redemption cycles with high accuracy and speed.
High-frequency NAV computation incorporating equity, derivatives, futures, options and complex instruments with market data integration.
Mark-to-market and trade-level accounting for equity derivatives, index futures/options, currency and interest rate products.
Real-time monitoring of leverage limits as per SEBI AIF circular prescriptions and the fund's declared investment strategy restrictions.
Daily and weekly investor reporting including P&L attribution, margin utilization, portfolio exposure and VaR dashboards.
Rapid redemption calculations, gate monitoring, lock-up tracking and distribution processing for open-ended Cat III structures.
Reconciliation of positions and cash balances across prime brokers, custodians and depositories with exception reporting.
PMS providers in India operate under the SEBI (Portfolio Managers) Regulations 2020, offering discretionary, non-discretionary and advisory services to high-net-worth investors. The regulatory and operational requirements for PMS are distinct, demanding and increasingly scrutinized by SEBI.
FundNerve provides end-to-end PMS back-office administration — from client onboarding and agreement documentation through to monthly client reporting, annual compliance and SEBI inspection readiness. We handle everything so your investment team stays focused on portfolio management.
Digital KYC workflows, risk profiling, agreement execution, PMLA compliance and CKYCR registration for all PMS clients.
SEBI-mandated monthly performance reports, portfolio holdings statements and transaction summaries for each PMS client account.
Preparation and filing of SEBI annual reports, quarterly AUM disclosures, Net Worth certificate and audit report coordination.
Maintenance of all statutory records for SEBI inspection including advisory agreements, fee disclosures and client communications.
Automated management fee and performance fee calculation, invoice generation and reconciliation for all client accounts.
Daily reconciliation of portfolios across custodians, depositories and bank accounts with exception reporting and resolution tracking.
FundNerve maintains a granular compliance calendar for every client — mapping every regulatory due date, internal review cycle and board requirement across the fund's year.
Investment verification against PPM restrictions, SEBI condition monitoring, PMLA/AML transaction screening, foreign investment limit tracking and daily custodian reconciliation.
PMS monthly client reports, NAV reporting, corpus / AUM disclosures, investor portfolio updates, GST returns and SEBI portal submissions as required by applicable regulations.
SEBI AIF quarterly reports, PMS AUM disclosures, compliance officer certification, board / IC meeting support, minutes preparation and Form 64C/64D filing for investors.
Annual SEBI reports, audited financial statements, tax returns, FATCA/CRS filings, investor annual statements, trustee resolutions and full PPM review and update.
Fund extension applications, new scheme registrations, material change intimations, change of service provider filings and all SEBI correspondence management.
Prevention of Money Laundering Act obligations including investor due diligence, suspicious transaction reporting, record-keeping and Principal Officer compliance.
Foreign Account Tax Compliance Act and Common Reporting Standard compliance for funds with US persons or international investors, including annual Form 61B filings.
Ultimate Beneficial Owner identification, verification and maintenance in compliance with SEBI circulars and PMLA rules, including NRI and foreign national investor handling.
Annual review and update of Private Placement Memorandum, investor agreements, risk disclosures and SEBI mandated documents including material change filings.
Review and documentation of management fee, performance fee, hurdle rate and expense structures to ensure compliance with SEBI AIF / PMS fee caps and disclosures.
Fund managers in India operate at the intersection of multiple regulatory and statutory frameworks. FundNerve maintains deep, current expertise across all of them.
SEBI (Alternative Investment Funds) Regulations 2012, SEBI (Portfolio Managers) Regulations 2020 and all associated circulars and master circulars.
FEMA 1999, Foreign Exchange Management (Non-debt Instruments) Rules 2019, RBI Master Directions on FDI and ODI, and FVCI regulations for foreign investors.
Pass-through taxation for Category I & II AIFs, Section 115UB, LTCG/STCG on fund distributions, TDS obligations, GAAR provisions and Forms 64C / 64D.
Companies Act 2013, LLP Act 2008 and Indian Trusts Act 1882 for fund vehicle structuring, ROC filings and board governance obligations.
AIF investment managers and PMS providers are designated reporting entities under PMLA. Obligations include KYC/CDD, STR reporting, 5-year record-keeping and Principal Officer designation.
PMS providers are liable for GST on management and performance fees. AIF managers may require registration depending on fee structures. Monthly and annual returns managed.
Foreign Account Tax Compliance Act and OECD Common Reporting Standard obligations for funds with international investors, including annual Form 61B filings.
Ind AS / IFRS compliant financial statements for fund entities, IPEV guidelines for private asset valuation, and coordination with statutory and internal auditors.
From your first call to active fund administration, our onboarding is structured, efficient and designed to get your fund running with full operational support quickly.
We understand your fund structure, strategy, investor base and specific operational requirements in a structured session.
A detailed service proposal with scope, team structure, technology, timelines and fee schedule — tailored to your fund.
Fund system setup, chart of accounts design, compliance calendar creation and process documentation.
Parallel processing with existing systems to ensure a seamless transition before full operational handover.
Continuous administration with monthly reviews, compliance monitoring and dedicated relationship management.
Built exclusively around the Indian AIF and PMS regulatory framework. Every process, checklist and workflow is purpose-built for SEBI regulations, Indian tax law and domestic market structure.
Every client mandate has senior-level oversight. Fund managers work directly with experienced professionals — not passed to junior executives. Deep domain expertise on every deliverable.
Modern fund accounting platforms, automated compliance tracking tools and secure client portals deliver reporting that is accurate, timely and audit-ready — reducing manual error risk significantly.
FundNerve is a pure-play fund administrator. We don't manage money, raise capital or distribute products — ensuring our interests are completely aligned with yours, with zero conflicts of interest.
Whether registering your first AIF scheme or managing a complex multi-strategy platform, our service model scales with you — from ₹25 crore to ₹5,000+ crore with consistent quality.
Regulatory landscapes evolve — SEBI issues circulars, tax laws change. Our compliance monitoring ensures your fund is updated ahead of every material regulatory change, before issues arise.
Whether you're registering a new fund or looking to transition your existing administration to a more capable partner, FundNerve is ready to step in.
Whether you have a detailed brief or an early-stage question, our team is ready to engage. We respond to all enquiries within one business day.
FundNerve Financial Services Pvt. Ltd.
Mumbai, Maharashtra, India
+91 [Number Available on Request]
Mumbai (Head Office) · Delhi / NCR · Bengaluru