Regulation 49U - Definitions - Securities and Exchange Board of India (Mutual Funds) Regulations, 1996

1 [CHAPTER VI-C SPECIALIZED INVESTMENT FUND Definitions: 49U. For the purposes of this Chapter, unless the context otherwise requires a) Accredited Investor shall have the same meaning as assigned to it in clause (ab) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012; b) Specialized Investment Fund means a mutual fund as defined under clause (q) of sub-regulation (1) of regulation 2 of these regulations and subject to such other conditions as specified under this chapter: Provided that a mutual fund registered under regulation 9 shall not be required to establish a separate trust for launching any Investment Strategy under the Specialized Investment Fund. c) Investment Strategy means a scheme of mutual fund launched under the Specialized Investment Fund. ] ************** NOTES:- 1. Inserted vide Notification No.SEBI/LAD-NRO/GN/2024/221 dated 16-12-2024 w.e.f. 01-04-2025