The Sebi committee on AIF investment norms, headed by former Infosys chairman N.R. Narayana Murthy, is to submit its third set of recommendations by the end of April. “In some countries the eligibility to become an accredited investor is a minimum net worth at $0.5 million. Sebi had constituted the Alternative Investment Policy Advisory Committee (AIPAC) under the chairmanship of Murthy in March 2015. In 2015-16, these individuals had a combined net worth of Rs135 trillion, the report said.

Source: Mint April 11, 2017 20:03 UTC