With reference to the Specialised Investment Fund (SIF), consider the following statements: 1. It is a new investment product introduced by the Reserve Bank of India (RBI). 2. It was introduced to bridge the gap between regular mutual funds and high-ticket Portfolio Management Services (PMS). Which of the statements given above is/are correct? |ForumIAS

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: B

Notes:

Explanation:

Statement 1 is incorrect: The Specialised Investment Fund (SIF) was introduced by the Securities and Exchange Board of India (SEBI), not the Reserve Bank of India (RBI).
Statement 2 is correct: It aims to bridge the gap between regular mutual funds and high-ticket Portfolio Management Services (PMS) by providing investors with greater flexibility within the mutual fund ecosystem.

Source- PTI