University Funds & Endowments exempted from extra disclosures if: <25% Indian equity, >Rs. 10K cr global AUM, non-profit status.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Amendment exempts University Funds and University related Endowments registered or eligible as Category I FPIs from additional disclosure requirements subject to conditions: Indian equity AUM below 25% of global AUM, global AUM exceeding INR 10,000 crore, filing tax return evidencing non-profit status. Eligible jurisdictions specified by SEBI in consultation with Custodians/DDPs Forum. Exemption aims to protect investors, promote securities market development under SEBI Act and FPI Regulations.....