Question
What is the minimum corpus requirement for a
Social Impact Fund as per the social stock exchange framework?Solution
Key details regarding S ocial impact funds on the Social Stock Exchange:
- Minimum Corpus: ₹5 crores for each scheme. This requirement ensures that the funds have a substantial base to create a meaningful impact in their targeted social or environmental areas.
- Minimum Investment: ₹2 lakhs for individual investors, reduced to facilitate broader participation.
- Fund Structure: SIFs can invest 100% of their funds in Non-Profit Organizations (NPOs) registered or listed on the Stock Exchange .
- Grants: SIFs are allowed to accept grants of not less than ₹10 lakh from any person
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