Sebi eases accreditation norms for AIF, SIF and PMS investors
The Securities and Exchange Board of India has introduced a new regulation allowing alternative investment fund managers to handle investor accreditation. This initiative is designed to streamline the accreditation process for investors looking fo...
By ET Bureau | Updated:
Agencies
The regulator said managers can assess an investor's eligibility either at the time of onboarding or during the tenure of a scheme.
Mumbai: The Securities and Exchange Board of India (Sebi) has allowed managers of alternative investment funds (AIFs), specialised investment funds and portfolio management services to independently determine and certify the accredited status of investors, to simplify the accreditation process.
Read more: Why Nithin Kamath believes NRI investing in India has become easier than ever
The regulator said managers can assess an investor's eligibility either at the time of onboarding or during the tenure of a scheme. The accreditation would be valid for three years and will be recognised across managers belonging to the same corporate group. At present, investors could obtain accreditation through recognised accreditation agencies. Sebi said the existing agency led mechanism would continue, making manager-led accreditation an additional optional route.
Read more: Equity mutual fund inflows may drop 18% in October as midcap and hybrid funds lose momentum: Nomura
Read more: Why Nithin Kamath believes NRI investing in India has become easier than ever
The regulator said managers can assess an investor's eligibility either at the time of onboarding or during the tenure of a scheme. The accreditation would be valid for three years and will be recognised across managers belonging to the same corporate group. At present, investors could obtain accreditation through recognised accreditation agencies. Sebi said the existing agency led mechanism would continue, making manager-led accreditation an additional optional route.
Read more: Equity mutual fund inflows may drop 18% in October as midcap and hybrid funds lose momentum: Nomura
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
