Mumbai, July 31 -- In its latest circular, the Securities Exchange Board of India (SEBI) has issued a mechanism for monitoring compliance with minimum investment threshold under Specialized Investment Funds (SIF).

SIFs are a new category that lets mutual funds launch advanced strategies through open-ended, close-ended or interval schemes. To participate, each investor must keep at least Rs 10 lakh invested at all times.

For the purpose of SIF, the 'active breach' shall mean fall in the aggregate value of an investor's total investment across all investment strategies of SIF, below the minimum investment threshold of Rs 10 lakh, on account of any transactions (i.e. redemption, transfer, sale etc.) initiated by the investor.

According to...