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Harshita Fatesaria

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Associate in the Investment Funds Practice at Mumbai office of Cyril Amarchand Mangaldas. Harshita has assisted with set-up, documentation and registration of AIFs in India. She has also worked on mandates representing institutional investors in their investment in domestic funds. She can be reached at harshita.fatesaria@cyrilshroff.com

 

Specialized Investment Funds: New Investment Product of The Hour

The Securities and Exchange Board of India (“SEBI”) announced the establishment of ‘Specialized Investment Funds’ (“SIF”) vide its amendment to the SEBI (Mutual Funds) Regulations, 1996 (“Mutual Fund Regulations”), effective December 16, 2024. The amendment was aimed at introducing a new asset class to bridge the gap between Mutual Funds (“MFs”) and Portfolio Management Services (“PMS”). SEBI vide its circular dated February 27, 2025, laid down a comprehensive regulatory framework for SIFs (effective April 1, 2025).Continue Reading Specialized Investment Funds: New Investment Product of The Hour

Fund structures are gaining popularity among wealthy individuals in India as optimum structures to help with wealth planning, investments, and tax management. Family offices are viewing GIFT City, India’s first international financial services centre (“IFSC”), for the purpose of facilitating global investments in a structured manner. Continue Reading IFSCA Relaxes Rules for Family Investment Funds in GIFT City