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 transfers: sponsors may move passive schemes to mutual fund lite, with launch prohibition after transfer. A sponsor may obtain registrations as both a mutual fund and a mutual fund lite subject to Board-prescribed conditions; an existing sponsor may transfer passive schemes eligible as mutual fund lite schemes from its mutual fund to a group-entity mutual fund lite under Board conditions, and after such transfer the originating mutual fund must not launch passive schemes eligible as mutual fund lite schemes.
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 transfers: sponsors may move passive schemes to mutual fund lite, with launch prohibition after transfer.
A sponsor may obtain registrations as both a mutual fund and a mutual fund lite subject to Board-prescribed conditions; an existing sponsor may transfer passive schemes eligible as mutual fund lite schemes from its mutual fund to a group-entity mutual fund lite under Board conditions, and after such transfer the originating mutual fund must not launch passive schemes eligible as mutual fund lite schemes.
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