Market regulator SEBI has issued guidelines regarding small PMS i.e. Specialized Investment Funds. Under these guidelines, now every AMC will be able to launch 7 Specialized Investment Funds.
Out of these, 3 can be equity, two debt and two hybrid SIFs. They will have to invest at least Rs 10 lakh in these.
By reducing the investment limit to Rs 10 lakh in these small PMS, now retail investors will also be able to invest in them. This is a good step taken by SEBI. Due to this, we may see movement in AMC shares in the future. Fund managers will be able to take both long and short positions in F&O and can keep 25 percent of the position unhedged.
The fund manager will be able to take both long and short positions in F&O. 25% unhedged short position is possible in derivative portfolio. In this, daily redemption is possible in equity and weekly in debt. In hybrid, redemption is possible in two weeks. All closed SIF schemes will be listed. Listing will give investors EXIT option.
Let us tell you that in December, SEBI notified a new asset class between Portfolio Management (PMS) and Mutual Funds and called it ‘Specialized Investment Fund’ (SIF). According to SEBI, a framework has been issued for this new category of investment product, Specialized Investment Funds (SIF), with the aim of bridging the gap between Mutual Funds (MF) and Portfolio Management Services (PMS). This new framework is set to come into effect from April 1, 2025.
SEBI has directed industry body Association of Mutual Funds in India (AMFI) to issue guidelines in this regard by March 31, 2025, while stock exchanges, clearing corporations and depositories have been asked to take necessary steps and set up systems for the implementation of this circular.
SEBI has directed the industry body Association of Mutual Funds in India (AMFI) to issue guidelines in this regard by March 31, 2025.
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