Mutual Fund Under Regulation 9 May Establish Specialized Investment Fund, Subject to Eligibility and Procedures from April 2025.
A mutual fund registered under regulation 9 of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, may receive approval to establish a Specialized Investment Fund. This approval is contingent upon meeting specific eligibility criteria and following procedures as specified by the board. This provision was inserted through a notification effective from April 1, 2025.
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