SEBI Introduces ‘Specialized Investment Funds’ Under Mutual Funds Regulations with a Minimum Investment of Rs. 10 Lakhs
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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 amendment in SEBI (Mutual Funds) Regulations, 1996, introducing chapter VI-C i.e., Specialized Investment Fund. The provisions of this Chapter shall apply to a Specialized Investment Fund fulfilling eligibility criteria as prescribed by the board. A Specialized Investment Fund shall not accept from an investor, an investment amount less than ten lakh rupees across all investment strategies. Also, SEBI has introduced ‘Mutual Fund Lite’ under Chapter XI.
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