Regulation 25 - No guaranteed returns - Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999

No guaranteed returns 25. No 1 [collective investment scheme] shall provide guaranteed or assured returns. Provided that indicative return may be indicated in the offer document only, if the same is assessed by the appraising agency and expressed in monetary terms. ************** NOTES:- 1 Substituted by the SEBI (Collective Investment Schemes) (Amendment) Regulations, 2014, w.e.f. 9-1-2014.