Smaller MFs seek lower barriers for entry into SIF

SMALLER MUTUAL FUND houses have asked Sebi to consider changing the specialised investment fund (SIF) entry route framework in order to help them enter this market.

- ANANYA GROVER

This formed a part of discussions CEOs of mutual fund houses had in their first meeting with Sebi Chairman Tuhin Kanta Pandey on Monday.

A late entry will be a big disadvantage in terms of market share, according to an MF executive

The current framework has two routes for an AMC to establish an SIF. The first is a sound track record which requires that a mutual fund has been in operation for a minimum period of three years and has an average asset under management (AUM) of not less than ₹10,000 crore, in immediately preceding three years.