SEBI/HO/IMD/IMD -PoD -1/P/CIR/2025/107
regulations · 1992 · State unknown
Parent: THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 (7c4c1f5343adab106c3a94cafc08a5ecf5957ae7)
Text
Rule TOC
3 · 1.In case of any active breach of the Minimum Investment Threshold by an investor, including through transactions on stock exchanges or off-market transfers:
3 · 1.1. all units of such investor held across investment strategies of the concerned SIF shall be frozen for debit, and
3 · 1.2. a notice of 30 calendar days shall be given to such investor to rebalance the investments in order to comply with the Minimum Investment Threshold.
3 · 2.Pursuant to the notice under para 3 . 1 . 2 to the investor:
3 · 2.1. in case investor rebalances his/her investments in SIF within the notice period of 30 calendar days, the units of SIF of such investor shall be unfreezed, and no further action shall be taken with regard to compliance with Minimum Investment Threshold .
3 · 2.2. in case the investor fails to rebalance the investments within the aforesaid 30 calendar day period , the frozen units shall be automatically redeemed by the AMC , at the applicable Net Asset Value of the next immediate business day after the 30 th calendar day of the notice period .
3 · 3.For the purpose of SIF, the 'Active Breach' shall mean fall in the aggregate value of an investor's total investment across all investment strategies of SIF, below the Minimum Investment Threshold of INR 10 lakh, on account of any transactions (i.e. redemption, transfer, sale etc.) initiated by the investor.