Sebi's new asset class with minimum investment of Rs 10 lakh - 7 things to know

Sebi introduced Specialized Investment Funds (SIFs), a new asset class for investors with higher risk appetites. Requiring a minimum investment of Rs 10 lakh, SIFs offer diverse investment strategies and adhere to mutual fund fee regulations. Fund managers need NISM certification, and investments in debt instruments from a single issuer are capped.