Mumbai, Aug. 13 -- In a recently issued consultation paper, the Securities and Exchange Board of India (SEBI) has proposed a number of relaxations for large value funds (LVFs) under the alternative investment funds framework.

Apart from other things, the relaxations also include a reduction in minimum investment requirement to Rs 25 crore from the current Rs 70 crore.

The aim of introducing these changes was to widen investor participation and cut compliance costs.

The proposal to lower the investment threshold is expected to attract more domestic institutional players such as insurance companies, thereby diversifying the investor base.

The changes proposed by the SEBI follow from the recommendations from the market regulator's Altern...