Minimum Number of Investors in Scheme(s)/Plan(s) of Mutual Funds

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..... Scheme(s)/Plan(s) of Mutual Funds. Please refer to SEBI Circular No. SEBI/IMD/CIR No.10/22701/03 dated December 12, 2003, on the captioned subject. SEBI has received further suggestions from AMFI on the aforesaid Circular. Accordingly, in order to harmonize the methodology for calculating the 25 % limit in ongoing implementation of the said circular, the following clarifications are issued. .....

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..... days would lead to automatic redemption by the Mutual Fund on the applicable Net Asset Value on the 15th day of the notice period. All other provisions of the aforesaid Circular dated December 12, 2003 remain unchanged. These guidelines are issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, read with the provisions of regulat .....

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