SEBI has issued a Clarification on Regulatory framework for Specialized Investment Funds (‘SIF’) vide circular dated April , 2025. The circular provides that AMC shall ensure that an aggregate investment by an investor across all investment strategies offered by the SIF, at the Permanent Account Number (‘PAN’) level, is not less than INR 10 lakh, provided that, the above provisions shall not be applicable for mandatory investments made by AMCs for designated employees under Master Circular for Mutual Funds dated June 27, 2024.
Government Revokes Four BIS Quality Control Orders on Industrial Chemicals
The govt has revoked four BIS Quality Control Orders on key industrial chemicals, citing public interest after consultations with the Bureau of Indian Standards.