Chapter VIII - NET ASSET VALUE AND TIMELINES FOR ALLOTMENT OF MUTUAL FUND UNITS AND PAYMENT OF INVESTMENT PROCEEDS (From Regulation 43 to Regulation 46)
Mutual fund definitions frame entities, scheme types, valuation, investor charges and control thresholds for regulatory clarity. Regulation 2 provides a comprehensive glossary for the mutual fund regulatory framework: it defines a mutual fund as a registered trust issuing units under schemes to invest in specified instruments; identifies and defines principal entities and roles (asset management company, sponsor, trustees, custodian, associate); sets thresholds for control, net worth and liquid assets; classifies scheme types (open/close-ended, equity oriented, index funds, ETFs, fund of funds, MF Lite, specialized strategies and infrastructure-focused schemes); and defines investor-facing and operational terms such as offer document, private placement, exit load, NAV and total expense ratio, while cross-referencing other statutes for undefined terms.
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 definitions frame entities, scheme types, valuation, investor charges and control thresholds for regulatory clarity.
Regulation 2 provides a comprehensive glossary for the mutual fund regulatory framework: it defines a mutual fund as a registered trust issuing units under schemes to invest in specified instruments; identifies and defines principal entities and roles (asset management company, sponsor, trustees, custodian, associate); sets thresholds for control, net worth and liquid assets; classifies scheme types (open/close-ended, equity oriented, index funds, ETFs, fund of funds, MF Lite, specialized strategies and infrastructure-focused schemes); and defines investor-facing and operational terms such as offer document, private placement, exit load, NAV and total expense ratio, while cross-referencing other statutes for undefined terms.
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