31
Jul
#SEBIUpdate #SIFRules #MutualFunds #InvestmentCompliance #SEBINotification #HighNetWorthInvesting Applies only in case of redemptions or switch-outs, not market-driven losses Mumbai: In a significant move to safeguard the integrity of high-value investment products, the Securities and Exchange Board of India (SEBI) has issued a clarification that units of Specialized Investment Funds (SIFs) will be frozen for debit if an investor’s holding falls below the mandated minimum investment threshold of ₹10 lakh due to an active breach. The regulator has drawn a clear line between active and passive breaches. Active breaches refer to situations where the holding drops below the threshold because of redemptions…