The Securities and Exchange Board of India (SEBI) on February 27, 2025, issued a circular regarding Regulatory framework for Specialized Investment Funds (‘SIF’).
The following has been stated: -
•SEBI has introduced a regulatory framework for Specialized Investment Funds (SIF) to bridge the gap between Mutual Funds and Portfolio Management Services, effective from April 01, 2025. The framework is designed to offer more flexibility in investment products. AMFI is required to issue necessary guidelines by March 31, 2025.
•Stock Exchanges, Clearing Corporations, and Depositories must implement systems and amend regulations accordingly.
The detailed circular is given in the document below.
[Circular No. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2025/26]
