Specialized Investment Fund rules permit mutual funds to launch dedicated strategies with investor eligibility, limits and disclosures. The amendments create a Specialized Investment Fund framework permitting registered mutual funds to establish SIFs with multiple investment strategies, set investor eligibility (including a minimum investment threshold with an accredited investor exemption), prescribe manager certification, apply mutual fund scheme provisions unless otherwise specified, and impose issuer, NAV and group exposure limits. Separately, a Mutual Fund Lite regime is established for passive schemes with tailored eligibility, trustee independence, networth and governance requirements, concentration and related-party transaction limits, disclosure and valuation obligations, and specified operational and reporting duties for AMCs and trustees.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Specialized Investment Fund rules permit mutual funds to launch dedicated strategies with investor eligibility, limits and disclosures.
The amendments create a Specialized Investment Fund framework permitting registered mutual funds to establish SIFs with multiple investment strategies, set investor eligibility (including a minimum investment threshold with an accredited investor exemption), prescribe manager certification, apply mutual fund scheme provisions unless otherwise specified, and impose issuer, NAV and group exposure limits. Separately, a Mutual Fund Lite regime is established for passive schemes with tailored eligibility, trustee independence, networth and governance requirements, concentration and related-party transaction limits, disclosure and valuation obligations, and specified operational and reporting duties for AMCs and trustees.
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