Specialized Investment Funds (SIFs) were introduced by SEBI effective April 1, 2025. Consider the following statements:
I. To invest in a SIF, an investor must commit a minimum of Rs. 50 lakh per investment strategy with a single AMC.
II. The maximum permissible unhedged short exposure in a SIF is capped at 50% of the fund's net assets.
III. For certain close-ended or interval SIF strategies, redemption notice periods may extend up to 15 working days.
IV. An individual with a minimum net worth of Rs. 7.5 crore, of which at least Rs. 3.75 crore is held in financial assets, is recognised as an accredited investor eligible to invest in SIFs. Which of the above statements are correct?