NET ASSET VALUE AND TIMELINES FOR ALLOTMENT OF MUTUAL FUND UNITS AND PAYMENT OF INVESTMENT PROCEEDSSecurities and Exchange Board of India (Mutual Funds) Regulations, 2026
NET ASSET VALUE AND TIMELINES FOR ALLOTMENT OF MUTUAL FUND UNITS AND PAYMENT OF INVESTMENT PROCEEDSSecurities and Exchange Board of India (Mutual Funds) Regulations, 2026
Mutual fund registration requires sponsors to meet net worth, experience, lock in, and fit and proper criteria. Sponsors must show integrity and meet one of two sound track record routes: Route 1-minimum five years in financial services, five years of profitability, ... Summary
Securities and Exchange Board of India (Mutual Funds) Regulations, 2026
Mutual fund registration requires sponsors to meet net worth, experience, lock in, and fit and proper criteria.
Sponsors must show integrity and meet one of two sound track record routes: Route 1-minimum five years in financial services, five years of profitability, positive net worth and liquid net worth exceeding proposed capital contribution, and an AMC net worth of at least Rs. 50 Crore maintained in specified assets; Route 2-senior officers meeting experience thresholds, an initial AMC net worth infusion of Rs. 150 Crore with continuing maintenance requirements, and a five year lock in of minimum shareholding equivalent to Rs. 150 Crore. Sponsors must meet fit and proper criteria, contribute at least 40% of AMC net worth, and comply with governance, custodian and Board conditions.
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