Sebi mulls expanding investor pool for angel funds

Capital markets regulator Sebi is looking to expand the definition of qualified institutional buyers (QIB), allowing angel funds to access a broader pool of accredited investors. Additionally, Sebi has proposed removing the 200-investor cap for angel funds. This move is expected to enable more wealthy investors to participate.Sebi previously proposed that only Accredited Investors (AIs) should be allowed to invest in angel funds. Now, the regulator is seeking feedback on amending the definition of QIBs to include accredited investors, specifically for offering investment opportunities and allocating investments through angel funds. Sebi has sought public comments on the proposals till March 14.