Portfolio Manager providing Co-investment services to AIFs investors exempted from requirements of minimum investment amount, minimum net-worth: SEBI

Portfolio Manager - Co-investment services - AIFs investors - investment amount - SEBI - Taxscan

The Securities and Exchange Board of India (SEBI) has approved amendments to the SEBI (Portfolio Managers) Regulations, 2020 and the SEBI (Alternative Investment Funds) Regulations, 2012, to facilitate Co-investment by investors of Alternative Investment Funds (AIF) through portfolio management route.

The Portfolio Manager providing Co-investment services to investors of AIFs shall invest 100% of the assets under their management in unlisted securities and shall be exempted from certain requirements under SEBI (Portfolio Managers) Regulations, 2020, including minimum investment amount, minimum net-worth, etc.

It has been decided to allow resident Indians, other than individuals, to become constituents of foreign portfolio investors (FPIs) that are registered as AIFs in IFSCs. This is to facilitate investment in Indian securities markets through the FPI route by AIFs set up in International Financial Services Centres (IFSCs).

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