SEBI Eases Overseas Access to Riskier Funds, Sets 50 Million Rupee Securities Test
Updated
Updated · Yahoo Finance · Aug 13
SEBI Eases Overseas Access to Riskier Funds, Sets 50 Million Rupee Securities Test
3 articles · Updated · Yahoo Finance · Aug 13
Summary
SEBI proposed extending accredited-investor status to people living outside India, removing a separate accreditation requirement for private-market and specialised-fund investments.
The overhaul would also let fund managers verify accredited status during onboarding, replacing the current system that requires certification by independent accreditation agencies.
The framework would expand beyond alternative investment funds to portfolio managers and specialised investment funds, widening the range of higher-risk products available.
A new eligibility route would qualify individuals holding more than 50 million rupees in securities and corporates with 200 million rupees, alongside existing income and net-worth tests.