Clarification on Regulatory framework for Specialized Investment Funds (SIF): It has been decided that the rules concerning the maturity of securities in interval schemes, will not apply to Interval Investment Strategies under SIFs. Additionally, the minimum investment threshold for SIFs, stated in the earlier circular, has been revised. The aggregate investment by an investor across all SIF investment strategies at the PAN level must now be at least INR 10 lakh. However, this minimum threshold will not apply to mandatory investments made by AMCs for designated employees as per the MF Master Circular. (SEBI Circular Dated 09/04/2025)