Mutual fund lite schemes require board approval and filing of the offer document before launch. A mutual fund lite scheme may not be launched by a mutual fund lite asset management company unless the scheme is approved by the board of directors of ... Summary
Mutual fund lite schemes require board approval and filing of the offer document before launch.
A mutual fund lite scheme may not be launched by a mutual fund lite asset management company unless the scheme is approved by the board of directors of that asset management company and a copy of the offer document has been filed with the Board.
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