BANKING & FINANCE
SEBI
SEBI 213th Board Meeting: Major Reforms for AIFs, FPIs, and Social Impact Funds
SEBI has allowed Alternative Investment Funds (AIFs) to retain liquidation proceeds beyond their tenure with the consent of 75% of investors by value.
The minimum investment threshold for Social Impact Funds (SIFs) has been drastically reduced from ₹2 lakh to ₹1,000 to encourage retail participation.
Foreign Portfolio Investors (FPIs) will transition to a net settlement system (instead of gross) by December 31, 2026, to reduce transaction costs.
Exam Perspective: These reforms aim to improve liquidity, simplify the ease of doing business, and democratize social investing.
The minimum investment threshold for Social Impact Funds (SIFs) has been drastically reduced from ₹2 lakh to ₹1,000 to encourage retail participation.
Foreign Portfolio Investors (FPIs) will transition to a net settlement system (instead of gross) by December 31, 2026, to reduce transaction costs.
Exam Perspective: These reforms aim to improve liquidity, simplify the ease of doing business, and democratize social investing.
Key Facts / Static GK
SEBI Chairperson: Madhabi Puri Buch
SEBI Headquarters: Mumbai
Established: 1988 (Statutory status in 1992)
SEBI Headquarters: Mumbai
Established: 1988 (Statutory status in 1992)
Practice Quiz — 25 March 2026
Q1. Which organization developed the 'Real-time Internal Audit Portal' launched by the Ministry of Rural Development?
Answer: (B) National Informatics Centre (NIC) — The Real-time Internal Audit Portal was developed by the National Informatics Centre (NIC) under the Ministry of Electronics and Information Technology (MeitY).
Q2. The Lipulekh Pass, which is set to resume border trade in 2026, connects India with which of the following regions?
Answer: (B) Tibet (China) — The Lipulekh Pass is a historic route connecting the Pithoragarh district of Uttarakhand, India, with Tibet (China).
Q3. What is the new minimum investment requirement for Social Impact Funds (SIFs) as per the SEBI 213th Board Meeting reforms?
Answer: (D) ₹1,000 — SEBI reduced the minimum investment threshold for Social Impact Funds (SIFs) from ₹2 lakh to ₹1,000 to make them accessible to retail investors.
Q4. Under the DEA Fund Scheme 2014, after how many years of inactivity must a bank transfer the credit balance to the RBI?
Answer: (C) 10 years — Under the DEA Fund Scheme 2014, banks are required to transfer credit balances in accounts that have been inactive for 10 years or more to the DEA Fund.
Q5. According to the National Generation Adequacy Plan, what is India's projected total power capacity by the year 2035–36?
Answer: (C) 1,121 GW — The plan projects that India's installed power generation capacity will increase to 1,121 Gigawatt (GW) by the year 2035-36.
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