Mumbai: If you are a mutual fund player with assets of ?10,000 crore under management and have been in the business for three years, then you can launch Sebis newly-created category called specialised investment fund (SIF).

SIF falls between mutual funds and portfolio management services and is aimed at wealthier investors. One will have to invest a minimum of ?10 lakh in SIF. To manage SIF, the financial services company has to appoint a chief investment officer with a fund management experience of 10 years and should have managed assets worth ?5,000 crore. Sebi, which came out with detailed rules on Thursday, said that the company should ensure that the SIF has a distinct identification from that of the mutual fu ..