Regulatory Alerts2025-04-09
Clarification on Regulatory Framework for Specialized Investment Funds
The Securities and Exchange Board of India (SEBI) issued this circular to clarify specific provisions of its February 2025 regulatory framework for Specialized Investment Funds (SIFs) based on industry queries. The document exempts Interval Investment Strategies under SIFs from the maturity requirements applicable to interval schemes in the Mutual Funds Master Circular. Additionally, it modifies the minimum investment threshold to require an aggregate investment of at least INR 10 lakh per Permanent Account Number, while exempting mandatory investments by Asset Management Companies for designated employees.
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