IFSC Fund Management Regulation, 2025

Key Reforms in the 2025 Regulations: Non-Retail Schemes (Venture capital Schemes and Restricted Schemes): Minimum Corpus Reduction: The required minimum corpus for non-retail schemes has been lowered Extended PPM Validity: The validity period for a s...

Key Reforms in the 2025 Regulations: Non-Retail Schemes (Venture capital Schemes and Restricted Schemes): Minimum Corpus Reduction: The required minimum corpus for non-retail schemes has been lowered Extended PPM Validity: The validity period for a scheme's Private Placement Memorandum (PPM) has been extended to 12 months, providing fund managers with more time to raise the necessary corpus. Further, owing to their unique nature, open-ended schemes have been permitted to commence the investment activities upon achieving an investment of USD 1 Mn, and the minimum corpus of USD 3 Mn shall be achieved within 12 months period. FME Contribution Flexibility: Fund Management Entities (FMEs) and their associates are now permitted to contribute up to 100% to a scheme, an increase from the previous 10% cap, subject to specific conditions. Streamlined Manpower Requirements: KMP Appointment Process: The n