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 ... Summary
Securities and Exchange Board of India (Intermediaries) Regulations, 2008
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.