Regulation 49Y - Procedure for launching of investment strategies - Securities and Exchange Board of India (Mutual Funds) Regulations, 1996

1 [Procedure for launching of investment strategies: 49Y. (1) The investment strategies under the Specialized Investment Fund shall be launched in accordance with the procedure applicable to the schemes of the mutual funds, as laid down in regulation 28: Provided that a Specialized Investment Fund may launch such investment strategies in the manner as may be specified by the Board from time to time. (2) An investment strategy under the Specialized Investment Fund shall be launched as an open-ended investment strategy or close-ended investment strategy or interval investment strategy with subscription and redemption frequency appropriately disclosed in the offer document. (3) The fees and expenses for the investment strategies launched under the Specialized Investment Fund shall be in accordance with regulation 52 of these regulations. ] ************** NOTES:- 1. Inserted vide Notification No.SEBI/LAD-NRO/GN/2024/221 dated 16-12-2024 w.e.f. 01-04-2025