https://www.taxtmi.com/circulars?id=58264 SEBI allows IDFs to be launched by private placement to fewer than 50 investors provided a prescribed Placement Memorandum is filed and published; the Placement Memorandum must include scheme features, risk factors, minimum five investors, a 50% single investor cap at allotment with refund/rejection rules for breaches, asset allocation limits (90-100% debt/securitised infrastructure debt, up to 10% equity/convertibles), requirement that bank loans be acquired only via securitisation, due diligence certification by AMC/trustees, specified fee and expense limits, periodic disclosures and unitholder exit protections for changes to fundamental attributes. en-us Tue, 23 Apr 2013 00:00:00 +0530 Wed, 11 Feb 2026 15:57:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58264 SEBI allows IDFs to be launched by private placement to fewer than 50 investors provided a prescribed Placement Memorandum is filed and published; the Placement Memorandum must include scheme features, risk factors, minimum five investors, a 50% single investor cap at allotment with refund/rejection rules for breaches, asset allocation limits (90-100% debt/securitised infrastructure debt, up to 10% equity/convertibles), requirement that bank loans be acquired only via securitisation, due diligence certification by AMC/trustees, specified fee and expense limits, periodic disclosures and unitholder exit protections for changes to fundamental attributes. Circulars SEBI Tue, 23 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58264