Alternative Investment Funds face strict investment conditions on corpus, minimum contributions, sponsor commitment, investor limits, and private placement Investment in all categories of Alternative Investment Funds is subject to conditions governing fund-raising, minimum corpus, investor contribution thresholds, continuing interest of the Manager or Sponsor, disclosure, investor caps, and private placement. The fund may raise funds from Indian, foreign, and non-resident investors through issue of units, and social impact funds may issue social units. Units are to be issued in dematerialised form, each scheme must maintain the prescribed minimum corpus, and minimum investment levels vary for ordinary investors, employees or directors, accredited investors, and certain social impact fund investors. The Manager or Sponsor must maintain continuing interest, disclose that interest, and no scheme may have more than one thousand investors, excluding accredited investors for this purpose.