Investment strategy launch under Specialized Investment Fund must follow mutual fund procedures, with type and fee disclosures. Regulation 49Y requires launches of investment strategies under the Specialized Investment Fund to follow the procedural requirements applicable to mutual fund schemes or any alternative manner specified by the Board; strategies may be open-ended, close-ended or interval with subscription and redemption frequency disclosed in the offer document, and fees and expenses must comply with the applicable fee regulation.
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Provisions expressly mentioned in the judgment/order text.
Investment strategy launch under Specialized Investment Fund must follow mutual fund procedures, with type and fee disclosures.
Regulation 49Y requires launches of investment strategies under the Specialized Investment Fund to follow the procedural requirements applicable to mutual fund schemes or any alternative manner specified by the Board; strategies may be open-ended, close-ended or interval with subscription and redemption frequency disclosed in the offer document, and fees and expenses must comply with the applicable fee regulation.
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