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        SEBI

        Regulation 79 - Definitions

        Securities and Exchange Board of India (Mutual Funds) Regulations, 1996
        Chapter XI
        MUTUAL FUNDS LITE

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        Mutual Fund Lite registration limits permissible schemes to specified passive funds and prescribes trustee and AMC rules. Regulation 79 defines Mutual Fund Lite as a registered mutual fund confined to index funds, exchange traded funds, fund of funds or other passive schemes specified by the Board; it defines the MF Lite AMC as the approved asset management company and the MF Lite scheme as schemes launched by such funds or other eligible passive schemes. It defines trustee as a registered debenture trustee and includes a proviso permitting an MF Lite AMC to appoint an existing mutual fund trustee when eligible passive schemes are transferred to an MF Lite under regulation 82.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Mutual Fund Lite registration limits permissible schemes to specified passive funds and prescribes trustee and AMC rules.

                                Regulation 79 defines Mutual Fund Lite as a registered mutual fund confined to index funds, exchange traded funds, fund of funds or other passive schemes specified by the Board; it defines the MF Lite AMC as the approved asset management company and the MF Lite scheme as schemes launched by such funds or other eligible passive schemes. It defines trustee as a registered debenture trustee and includes a proviso permitting an MF Lite AMC to appoint an existing mutual fund trustee when eligible passive schemes are transferred to an MF Lite under regulation 82.


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