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flag India's SEBI introduces Specialized Investment Funds for high-net-worth investors starting April 1.

flag India's market regulator, SEBI, has introduced Specialized Investment Funds (SIFs) starting April 1, aimed at wealthier investors with a minimum investment of ₹10 lakh. flag To launch SIFs, fund houses must have at least three years of operational experience with an average asset under management (AUM) of ₹10,000 crore or more. flag SIFs can offer equity, debt, and hybrid investment strategies, with the option to use derivatives up to 25% of their net assets. flag Close-ended SIFs must be listed on stock exchanges. flag This move aims to bridge the gap between mutual funds and portfolio management services by offering more flexible investment options.

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