New Delhi, May 16 -- Alternative Investment Funds (AIFs) in India have called upon the Securities and Exchange Board of India (SEBI) to initiate discussions with other key financial regulators to resolve overlapping regulatory issues.

The Indian Venture and Alternate Capital Association (IVCA) made this request during a recent meeting with SEBI Chairman Tuhin Kanta Pandey.

The AIF industry seeks SEBI's coordination with the Reserve Bank of India (RBI), the Insurance Regulatory and Development Authority of India (IRDAI), and the Pension Fund Regulatory and Development Authority (PFRDA) to harmonise policies and reduce regulatory friction.

Such alignment is deemed crucial for fostering domestic capital formation and enhancing investment ...