(1)

An existing mutual fund may launch an infrastructure debt fund schemes if it has an adequate number of key personnel having adequate experience in infrastructure sector.

(2)

A certificate of registration may be granted under regulation 9 to an applicant proposing to launch only infrastructure debt fund schemes if the sponsor or the parent company of the sponsor.

(a) has been carrying on activities or business in infrastructure financing sector for a period of not less than five years;

(b) fulfills eligibility criteria provided in Regulation 7.