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Regulatory framework for Specialized Investment Funds (‘SIF’)

Relevant Extracts of the circular as applicable for the distribution of SIF

10. Distribution of Specialized Investment Funds

10.1. An entity engaged in sale and/or distribution of Mutual Fund products, shall also be eligible to offer products under the SIF, subject to such entity having passed National Institute of Securities Markets (‘NISM’) Series-XIII: Common Derivatives Certification Examination.

10.2. AMFI and the AMCs shall ensure compliance with the above requirement by their agents and distributors.