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ARTICLE · 11 AUGUST 2026

SEBI Amends Certification Requirements For Distribution Of Specialized Investment Funds

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SEBI, by notification dated 21.07.2026, has notified amended certification requirements for distribution of Specialized Investment Funds amending the certification requirement for Specialized Investment Funds under the SEBI Master Circular for Mutual Funds dated 20.03.2026.

IndiaFinance and Banking
Sagus Legal LLP
Sagus Legal LLP

SEBI, by notification dated 21.07.2026, has notified amended certification requirements for distribution of Specialized Investment Funds (“SIF Circular”)1 amending the certification requirement for Specialized Investment Funds (“SIFs”) under the SEBI Master Circular for Mutual Funds dated 20.03.2026 (“Mutual Funds Master Circular”).

The SIF Circular came into effect on the date of its publication, i.e., 21.07.2026.

The revised requirements for distribution of SIFs are as follows:

  1. Any person employed or engaged in sale and/or distribution of SIF products will be required to have a valid NISM Series-V-D - Mutual Fund - Specialized Investment Fund Distributors Certification (“NISM V-D Certificate”).

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