Certification Requirements for Distribution of Specialized Investment Funds
SEBI has revised the certification requirements for the distribution of Specialized Investment Funds (SIFs) to simplify the regulatory framework and facilitate a smoother transition for distributors. Under the revised framework, individuals distributing SIFs must obtain the NISM Series V-D – Mutual Fund–Specialized Investment Fund Distributors Certification, which will also qualify them to distribute mutual fund products without requiring a separate NISM Series V-A certification. Existing distributors holding the NISM Series XIII certification before 21 September 2026 will be allowed to continue until its expiry, while AMFI and Asset Management Companies (AMCs) have been directed to ensure compliance with the new certification requirements.
