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 trust deeds must include mandated protections and cannot limit trustee or AMC liability for negligent acts. The trust deed must include clauses in the Second Schedule and any further provisions necessary to protect unitholders. It cannot contain terms that limit ... Summary
Referred In :
Securities and Exchange Board of India (Mutual Funds) Regulations, 2026
Mutual fund trust deeds must include mandated protections and cannot limit trustee or AMC liability for negligent acts.
The trust deed must include clauses in the Second Schedule and any further provisions necessary to protect unitholders. It cannot contain terms that limit or extinguish the obligations and liabilities of the trustee company to the mutual fund or unitholders, nor may it indemnify the trustee company or the asset management company for losses to unitholders caused by negligence or acts of commission or omission.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.