Listing requirement for close-ended schemes: mandatory listing on recognised stock exchange under Board-prescribed timelines and conditions. Regulation 32 mandates listing of close ended mutual fund schemes on a recognised stock exchange under timelines and conditions prescribed by the Board, ... Summary
Listing requirement for close-ended schemes: mandatory listing on recognised stock exchange under Board-prescribed timelines and conditions.
Regulation 32 mandates listing of close ended mutual fund schemes on a recognised stock exchange under timelines and conditions prescribed by the Board, excluding equity linked savings schemes; prior formulations set a six month listing period and specified exemptions including periodic repurchase facilities, monthly income or special class schemes with repurchase, disclosure of repurchase terms, schemes opening repurchase within six months, and capital protection oriented schemes.
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