Sebi proposes asset threshold for individuals, corporates to widen accredited investor pool

Sebi is set to broaden the criteria for accredited investors, allowing individuals boasting securities assets of Rs 5 crore to qualify for participation. Additionally, body corporates with assets totaling Rs 20 crore will also be considered eligible. This strategic move is designed to encourage greater engagement in alternative investment funds. Interested parties are invited to submit their public comments by September 3.