The Securities and Exchange Board of India has launched a consultation on a comprehensive review of the accredited investor framework. The proposals would add securities market assets as an eligibility criterion, with thresholds of INR 5 crore for individuals and INR 20 crore for corporate bodies, alongside the existing income and net worth criteria. SEBI estimates this change could expand the pool of eligible accredited investors to about 400,000, compared with the existing alternative investment fund investor base of about 100,000. The consultation also proposes manager-led accreditation, valid at group level, as an alternative to accreditation through an agency, and a standardized three-year accreditation period based on the latest documents. SEBI would also extend deemed accredited investor status to all persons resident outside India under the Foreign Exchange Management Act, allowing NRIs, OCIs and other overseas residents to invest in alternative investment funds without a minimum threshold. Comments are due by Sept. 3, 2026.
Securities & Exchange Board of India2026-08-13
Securities and Exchange Board of India launches consultation on broader accredited investor framework, proposes INR 5 crore securities asset threshold
The Securities and Exchange Board of India is consulting on changes that could expand the accredited investor pool to about 400,000 by adding securities market asset thresholds of INR 5 crore for individuals and INR 20 crore for corporate bodies. It also proposes manager-led accreditation, three-year validity and deemed status for all persons resident outside India. Comments are due by Sept. 3, 2026.