SEBI Amends Mutual Fund Regulations | Insert Norms Relating to ‘Specialized Investment Fund’
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- Last Updated on 18 December, 2024
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Notification No. SEBI/LAD-NRO/GN/2024/221; Dated: 16.12.2024
SEBI has notified SEBI (Mutual Funds) (Third Amendment) Regulations, 2024. A new chapter VI-C relating to ‘Specialized Investment Fund’ has been inserted. It states that a specialized investment fund must not accept from an investor, an investment amount of less than Rs 10 lakh across all investment strategies in the manner as may be specified by the Board. A ‘specialized investment fund’ means a mutual fund as defined under regulation 2 and subject to specified conditions.
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