Issue of Units of Mutual Funds

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... t Companies (AMCs) which launch off-shore funds abroad have to obtain SEBI's approval for such schemes. They are also required to obtain RBI's prior approval for issue of units, remittance of dividend and redemption of units to the overseas investors in such funds. In order to provide single window clearance, it has been decided that AMCs may issue units, remit dividend and redeem the units in suc .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Off-shore fund Amount of inflow in USD Amount of Dividend remitted, if any upto the current quarter No. of units redeemed Amount repatriated in USD No. of Units Outstanding Value of Fund in USD NAV per Unit Management fees received / other out of pocket expenses reimbursed (Report to be submitted to Reserve Bank of India, Exchange Control Department, Foreign Investment Division, .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X