Launch a Retail scheme
Registered FME (Retail) only; draft offer document 21 working days before launch.
7 provisions to work through, in order.
Provisions to work through
0 of 7 readNumbers that apply 7
| Number | Controls | Source |
|---|---|---|
| ≥20 investors; no single investor >25%; within 6 months of offer close | Retail scheme — investor floor / concentration | Reg 44 |
| ≤15% of AUM in unlisted securities | Retail — unlisted (open-ended) | Reg 47(1) |
| ≤10% AUM (up to 15% with fiduciary approval) | Retail — single company | Reg 47(3) |
| ≤25% AUM (≤50% for financial services) | Retail — single sector | Reg 47(4) |
| ≤25% of AUM in associate | Retail — associate exposure | Reg 47(5) |
| Min USD 3m; open-ended may commence at USD 1m | Retail scheme — corpus | Reg 47(6) |
| ≥1% of AUM or USD 200,000 (lower) | Retail — FME contribution | Reg 52(1) (2nd Amdt) |
in Detailed mode.
A decision aid, not legal advice. It points to the provisions to read; it does not replace the notified text of the IFSCA (Fund Management) Regulations, 2025 or a professional review of your facts.
Meet the expert
CS Prashant Kumar
Company Secretary & Compliance Officer
Global Horizons Capital Advisors (IFSC) Private Limited — an IFSCA-licensed investment banker
Published in The Chartered Accountant (Jun 2025, Jan 2025, Mar 2024) and Chartered Secretary (Aug 2023)
Prashant Kumar is a seasoned Company Secretary and corporate governance strategist with more than 13 years of experience advising large corporates, promoter-led groups and global businesses on compliance, regulatory risk and board governance. In GIFT IFSC, the IFSCA regime is his day job rather than a research topic.