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Sebi proposes lower entry threshold for large-value AIFs at Rs.25-Cr
The Securities and Exchange Board of India (Sebi) has proposed a scheme reducing the minimum investment threshold for large value funds (LVFs) under the alternative investment funds (AIF) framework from INR 70 crore to INR 25 crore. The changes aim to widen investor participation and cut compliance costs.Sebi has also suggested exempting LVFs from various compliance requirements. These include the use of a standard template for private placement memoranda (PPM), mandatory annual audits of PPM terms, and the responsibility of investment committee members for fund decisions.Additionally, the National Institute of Securities Markets (NISM) certification requirement for key investment team members may be waived for LVF-only schemes.Sebi has proposed the option to existing AIF schemes to avail the benefits available to the LVFs and convert themselves to LVF schemes with investor consent.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.