Market regulator bats for easing angel fund norms
Business Standard|November 14, 2024
Market regulator Securities and Exchange Board of India (Sebi) may soon allow angel funds to expand the scope of investors by including Hindu undivided families (HUFs), family trusts, and sole proprietorships, among others.
KHUSHBOO TIWARI
Market regulator bats for easing angel fund norms

Angel funds, though structured as alternative investment funds (AIFs), are different as they only invest in startups and cater only to accredited investors currently. Accredited investors are considered to have a better understanding of risks in investment and are required to meet the net-worth criteria, which is verified by a third-party accreditation agency before being allowed to invest in angel funds.

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Business Standard

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