The Securities and Exchange Board of India (Sebi) has proposed significant changes to angel fund regulations under Alternative Investment Funds (AIF) to enhance investor participation and flexibility for fund managers. Key amendments include limiting investments to accredited investors, reducing the minimum investment per startup from ₹25 lakh to ₹10 lakh, and halving the lock-in period from one year to six months. Sebi has registered 82 angel funds managing over ₹7,000 crore, and the proposals aim to streamline operations and broaden access. Industry experts view these changes as beneficial for attracting more investors to India’s startup ecosystem. Public feedback is invited until November 28.