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    Question

    Under the IFSCA (Fund Management) Regulations, 2022,

    which of the following is correct regarding the minimum corpus requirement for a non-retail scheme (such as a venture capital or restricted scheme) after the December 2024 review?
    A The minimum corpus per scheme remains at USD 5 million and open-ended schemes must start only on full corpus achievement. Correct Answer Incorrect Answer
    B The minimum corpus per scheme has been reduced to USD 3 million, and open-ended schemes may commence with USD 1 million and achieve USD 3 million within 12 months. Correct Answer Incorrect Answer
    C The minimum corpus per scheme has been reduced to USD 1 million for all non-retail schemes irrespective of type. Correct Answer Incorrect Answer
    D The minimum corpus per scheme has been increased to USD 10 million owing to larger scale of operations. Correct Answer Incorrect Answer
    E The minimum corpus requirement has been abolished entirely for non-retail schemes to boost flexibility. Correct Answer Incorrect Answer

    Solution

    The IFSCA’s review of the regulations in December 2024 reduced the minimum corpus requirement for non-retail schemes (venture capital and restricted schemes) from USD 5 million to USD 3 million.

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