UTI Alternatives Seeks SEBI Guidance on Broad-Based Fund Criteria

UTI Alternatives Private Limited submits an application to SEBI seeking informal guidance on the applicability of broad-based fund criteria for its AIF management services.
The query specifically addresses Regulation 24(b) of SEBI Mutual Fund Regulations and its application to pooled assets like Alternative Investment Funds.
The company requests clarification on compliance testing at fund versus scheme level and the eligibility of domestic regulated entities for broad-based criteria.
UTI Alternatives paid ₹59,005.90 in fees and requested 90-day confidentiality for SEBI's response to this interpretive letter application.