SEBI Advisory Committee on MF - meeting held on 28/5/2002

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..... Mutual Funds in India Dear Sirs, The SEBI Advisory Committee on Mutual Funds, in its meeting held on May 28,2002 has made certain recommendations. After examining these recommendations, it has been decided that all mutual funds shall take steps to implement the following guidelines. 1. Transactions of mutual funds in Government Securities in dematerialise .....

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..... re advised to distribute such amount, if it is substantial and is realised within two years, to the old investors. In case the amount is not substantial or it is realised after two years, it may be transferred to the Investor Education Fund maintained by each mutual fund as specified in SEBI circular MFD/CIR/9/120/2000 dated November 24, 2000. The decision as to the determination of substantial am .....

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