SEBI sets certification requirements for SIF distributors
SEBI issued a circular prescribing certification requirements for distribution of Specialized Investment Funds (SIFs).
SEBI has mandated specific certification standards for individuals distributing Specialized Investment Funds. Distributors, wealth managers, and platforms must update training, licensing, and product governance frameworks to remain eligible to sell SIFs.
Introduces new licensing prerequisites impacting distributor onboarding, product governance, and mis-selling risk controls.
Action Required
Ensure SIF distributors and staff hold required NISM certifications before onboarding or selling SIF products.
Certification changes directly affect distribution frameworks and compliance obligations for a new fund category.
Update distributor eligibility checks, training curricula, and product-governance policies to reflect new SIF certification requirements. Track staff compliance and remediate gaps before sale.
“SEBI circular on Certification Requirements for Distribution of Specialized Investment Funds (SIFs).”
Published: 2026-07-28