Regulation 35 - Investments and segregation of funds - Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999

Investments and segregation of funds 35. The Collective Investment Management Company shall: (a) not invest the funds of the 1 [collective investment scheme] for purposes other than the objective of the 2 [collective investment scheme] as disclosed in the offer document. (b) segregate the 3 [collective investment scheme] assets of different s 4 [collective investment scheme] s. (c) not invest corpus of a 5 [collective investment scheme] in other 6 [collective investment scheme]s. (d) not transfer funds from one 7 [collective investment scheme] to another 8 [collective investment scheme]: Provided that inter-scheme transfer of 9 [collective investment scheme] property may be permitted at the time of termination of the 10 [collective investment scheme] with prior approval of the trustee and the Board. 11 [ (e) not invest more than twenty five percent of the amount raised by Collective Investment Management Company in projects owned directly or indirectly by Collective Investment Management Company. ] ************* NOTES:- 1 ibid. 2 ibid. 3 ibid. 4 ibid. 5 ibid. 6 ibid. 7 ibid. 8 ibid. 9 ibid. 10 ibid. 11. Inserted vide Notification No. SEBI/LAD-NRO/GN/2022/84 dated 10-05-2022