Markets regulator Sebi on Thursday proposed widening the pool of accredited investors by allowing individuals with securities market assets of Rs 5 crore and body corporates with such assets of Rs 20 crore to qualify, alongside the existing income and net-worth criteria.
The proposal is aimed at widening the pool of investors eligible for accredited investor status and, consequently, encouraging greater participation in alternative investment funds (AIFs), Sebi said in its consultation paper.