Securities and Exchange Board of India slashed minimum investment in social impact funds to Rs 1,000 from Rs 2 lakh, aiming to boost retail participation in Social Stock Exchanges. The move seeks to democratise impact investing and improve funding access for nonprofits
Currently, Sebi-registered alternative investment fund (AIF) or venture capital fund (VCF) are permitted to invest overseas, subject to an overall limit of USD 750 million.
Group chairman Rashesh Shah claimed its $890 million is the largest fund raise this year by any entity in India amid the severe economic impact of the pandemic, and will be deployed into projects
