Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Launch of Additional Plans under existing schemes

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... erent maturity periods as a part of the existing schemes. This matter was discussed in the last meeting of the advisory committee on mutual funds. The committee recommended that the additional plans being launched under the existing schemes (e.g. gilt schemes, liquid/money market schemes/debt schemes or any other type of schemes) which have substantially different characteristics from the main sch .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... s shall be approved by the boards of AMCs and the trustees. The addendum/offer document detailing the features of the plan shall be submitted to SEBI at least 21 days prior to the opening of the first plan (if there are more than one plans). The addendum and application forms of such plans shall be made available by the mutual funds on their websites. The schedule detailing the dates of the subseq .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... mentioned in the offer documents. 5. The investment restrictions as specified in SEBI Regulations shall apply separately to each of the plans. All periodic disclosure including portfolio statement to be mailed to the unitholders as per the existing regulations shall be applicable to each of the plans. At the end of each plan, portfolio at the time of maturity and prevailing NAV shall be informed .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates