Restrictions on business activities of the mutual fund lite asset management company

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..... tual fund lite; (b) not undertake any business activities other than in the nature of advisory services to pooled assets only in respect of passive investments: Provided that the asset management company may itself or through its subsidiaries undertake such activities, as permitted under clause (b), if, - (i) it ensures that there is no material conflict of interest across different activities; (i .....

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