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Showing posts from February, 2025

Regulatory Framework for Specialized Investment Funds (SIFs)

The Securities and Exchange Board of India (SEBI) has introduced a new category of investment vehicles called Specialized Investment Funds (SIFs) to bridge the gap between Mutual Funds (MFs) and Portfolio Management Services (PMS). These funds offer enhanced portfolio flexibility while maintaining regulatory oversight. The framework, effective from April 1, 2025, aims to provide investors with additional investment options with varying risk-return profiles. Key Highlights of the Regulatory Framework 1. Eligibility Criteria for SIFs Mutual Funds seeking to establish an SIF must meet one of the following eligibility criteria: Route 1 - Sound Track Record: Operate for at least three years with an average AUM of ₹10,000 crores. No regulatory action taken against the sponsor/AMC in the past three years. Route 2 - Alternate Route: Appointment of a CIO with at least 10 years of fund management experience and an AUM of ₹5,000 crores. Appointment of an additional fund manager with three years o...

From Ghee to Grace: A Guide to Sacred Oils in Vedic Traditions

  Let me walk you through the fascinating world of oils in Vedic traditions and explain their deep spiritual significance. Think of these oils as bridges between the physical and spiritual realms, each carrying its own unique energy and purpose. Let's start with cow ghee, which holds a special place in Vedic rituals. Imagine the purest substance you can think of - that's how the ancient texts viewed ghee. When used in fire ceremonies (yajnas and havans), ghee creates a sacred connection between the worshipper and the divine. The Rigveda and Yajurveda, two of the most ancient Hindu texts, specifically mention ghee's essential role. When the ghee touches the fire, it's believed to carry our prayers and intentions to the heavens, while simultaneously blessing us with prosperity and divine energy. Sesame oil, known as til oil, represents another layer of spiritual sophistication in Vedic practices. The ancient texts praise its sattvic (pure) nature, meaning it promotes clar...

Union Budget 2025-26: Key Highlights and Economic Implications

The Union Budget 2025-26 presents a roadmap for India's economic growth, with a strong focus on inclusive development, private sector investment, and fiscal consolidation. This year’s budget introduces structural reforms, tax benefits, and sectoral incentives to accelerate India’s journey towards becoming a developed nation—Viksit Bharat. 1. Strengthening Agriculture and Rural Economy Empowering Farmers with Technology and Credit National Mission on High-Yielding Seeds: Focuses on climate-resilient and pest-resistant crops. Aatmanirbharta in Pulses: A 6-year mission to boost the production of Tur, Urad, and Masoor dal. Enhanced Kisan Credit Card (KCC): Increased loan limit of ₹5 lakh to support 7.7 crore farmers. Prime Minister Dhan-Dhaanya Krishi Yojana: Aims to develop 100 agricultural districts, benefiting 1.7 crore farmers. Makhana Board in Bihar: Established to improve processing, marketing, and FPO organization. Boosting Rural Infrastructure & Financial Inclusion India Po...