A senior Sebi official has urged the Indian alternative investment fund (AIF) industry to adopt an accredited investor regime, similar to global practices. Ananth Narayan emphasized that this approach would enable lighter regulations and enhance investor protection. He pointed out that the lack of accredited investors has led to higher costs, which could decrease as more investors enter the market. Currently, a significant portion of the ₹4.5 lakh crore in investments raises regulatory concerns. Narayan suggested that intermediaries should facilitate the processing of accredited investor applications to strengthen the market.