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Qualified Institutional Buyers are those institutional investors who are generally perceived to possess expertise and the financial muscle to evaluate and invest in the capital markets. In terms of cla2.2.2B (v) of DIP Guidelines, a ''Qualified Institutional Buyer'' shall mean:
a. Public financial institution as defined in section 4A of theCompanies Act, 1956
b. Scheduled commercial banks
c. Mutual funds
d. Foreign institutional investor registered with SEBI
e. Multilateral and bilateral development financial institutions
f. Venture capital funds registered with SEBI.
g. Foreign Venture capital investors registered with SEBI.
h. State Industrial Development Corporations.
i. Insurance Companies registered with the Insurance Regulatoryand Development Authority (IRDA).
j. Provident Funds with minimum corpus of Rs.25 crores
k. Pension Funds with minimum corpus of Rs. 25 crores)

These entities are not required to be registered with SEBI as QIBs.