Mumbai, Feb. 28 -- The Securities and Exchange Board of India (Sebi) has introduced a comprehensive regulatory framework for Specialized Investment Funds (SIFs), aimed at bridging the gap between mutual funds and Portfolio Management Services (PMS). The new regulations, effective from April 1st, mandate a minimum investment of Rs 10 lakh across all SIF strategies.

This move by Sebi is designed to provide investors with greater portfolio flexibility while ensuring a level of investor protection. The Rs 10 lakh investment threshold, however, does not apply to accredited investors.

Key Highlights of the New SIF Framework:

Minimum Investment: Investors must maintain a minimum investment of Rs 10 lakh. Systematic Investment Plans (SIPs), Sy...