Investment restrictions on mutual funds require an exit option for unitholders before REIT/InvIT investments. Amendments to mutual fund regulations impose investment restrictions on acquisitions of REIT and InvIT units, making the Seventh Schedule restrictions applicable to all fresh investments by schemes. Existing schemes proposing such investments must comply with the relevant mutual fund regulation and provide unitholders a minimum exit period before investing. The circular states immediate applicability and invokes the regulator's statutory authority for issuance.
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.
Investment restrictions on mutual funds require an exit option for unitholders before REIT/InvIT investments.
Amendments to mutual fund regulations impose investment restrictions on acquisitions of REIT and InvIT units, making the Seventh Schedule restrictions applicable to all fresh investments by schemes. Existing schemes proposing such investments must comply with the relevant mutual fund regulation and provide unitholders a minimum exit period before investing. The circular states immediate applicability and invokes the regulator's statutory authority for issuance.
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