Certification Requirements for Distribution of Specialized Investment Funds (SIFs)

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....sue and Share Transfer Agents (RTAs) Association of Mutual Funds in India (AMFI) Sir/Madam, Subject: Certification Requirements for Distribution of Specialized Investment Funds (SIFs) 1. SEBI, vide Circular No. SEBI/HO/IMD/IMD-I POD-1/P/CIR/2025/26 dated February 27, 2025, issued the regulatory framework for Specialized Investment Funds ('SIFs'). The provisions of the aforementioned ci....

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....cts shall be required to have a valid "NISM Series-V-D - Mutual Fund - Specialized Investment Fund Distributors Certification". Entities holding this certification shall be eligible to distribute both Mutual Fund and SIF products, without separately holding "NISM Series V-A - Mutual Fund Distributors Certification". 21.10.2. Entities engaged in the sale and/or distribution of only Mutual ....

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....ertification". During this period, such distributors shall continue to hold a valid "NISM Series V-A Mutual Fund Distributors Certification", as required under the erstwhile framework. 21.10.5. AMFI and AMCs shall ensure compliance with the above requirements by distributors and agents. 4. All other provisions of the SEBI Master Circular for Mutual Funds dated March 20, 2026 shall rema....