Current Affairs · Economy

In an effort to bridge the gap between the structures of Mutual Funds and Alternative Investment Funds (AIFs), SEBI proposed a 'New Asset Class' (often referred to as 'Specialized Investment Funds' or SIFs) under the Mutual Fund regulations. Based on the regulatory framework proposed by SEBI for this asset class, consider the following statements: 1. To ensure only sophisticated investors participate, the minimum investment amount per investor is set at ’50 Lakh. 2. These funds are permitted to take unhedged short positions, subject to a cap of 50% of the fund's net asset value. 3. To manage liquidity risks, the scheme permits a redemption notice period that may extend up to 15 working days. 4. The eligibility criteria for an 'Accredited Investor' includes a net worth of at least ’7.5 crore, provided that a minimum of ’3.75 crore is held in the form of financial assets. Which of the statements given above are correct?