Offering period limit for mutual fund schemes: subscription open no more than fifteen days; initial ELSS offering excluded. Regulation 34 fixes a maximum subscription window for mutual fund schemes: except for the initial offering period of Equity Linked Savings Schemes, a ... Summary
Offering period limit for mutual fund schemes: subscription open no more than fifteen days; initial ELSS offering excluded.
Regulation 34 fixes a maximum subscription window for mutual fund schemes: except for the initial offering period of Equity Linked Savings Schemes, a scheme shall be open for subscription for no more than fifteen days; earlier proviso permitting a longer period for a particular equity savings scheme has been omitted.
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