Monitoring of Minimum Investment Threshold under Specialized Investment Funds (SIF)

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....Companies/ Board of Trustees of Mutual Funds All Recognized Stock Exchanges All Recognized Clearing Corporations All Depositories Association of Mutual Funds in India (AMFI) Madam/ Sir, Subject: Monitoring of Minimum Investment Threshold under Specialized Investment Funds (SIF) 1. SEBI vide circular dated February 27, 2025 ('SIF Circular'), and circulars dated April 09, 2025 a....

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....ck exchanges or off-market transfers: 3.1.1. all units of such investor held across investment strategies of the concerned SIF shall be frozen for debit, and 3.1.2. a notice of 30 calendar days shall be given to such investor to rebalance the investments in order to comply with the Minimum Investment Threshold. 3.2. Pursuant to the notice under para 3.1.2 to the investor: 3.2.1. in cas....

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....mption, transfer, sale etc.) initiated by the investor. 4. The AMCs, RTAs and Depositories shall take necessary steps and put in place necessary systems for the implementation of this circular. 5. The provisions of this circular shall come into force with effect from the date of this circular. 6. This circular is issued in exercise of the powers conferred by Section 11(1) of the Securitie....