Open Ended Equity Linked Saving Plan may be operated by mutual funds subject to prior regulatory approval. Authorizes a Unit Trust or Mutual Fund, at their discretion, to operate one Open Ended Equity Linked Saving Plan provided they obtain prior approval from ... Summary
Open Ended Equity Linked Saving Plan may be operated by mutual funds subject to prior regulatory approval.
Authorizes a Unit Trust or Mutual Fund, at their discretion, to operate one Open Ended Equity Linked Saving Plan provided they obtain prior approval from the designated securities regulator; limits each fund to a single such plan under the scheme.
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