News From Press RBI may relax evergreening rules for strategically important AIFs

RBI may relax evergreening rules for strategically important AIFs

Source: BS Feb 16, 2024

The Reserve Bank of India may create a carve-out for strategically important funds from the restrictions imposed by the evergreening circular issued in December.

This may include NIIF funds, SIDBI Fund of Funds, SBICap Venture’s Self Reliant India Fund (SRI) and SWAMIH Investment Fund (SIF) and any new funds that the government may launch in the future or considered as “strategically important”, said a person in the know.

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