Minimum AUM requirement for debt schemes mandates maintained corpus and remedial scaling on breach to protect investors. Open-ended debt oriented schemes must maintain a rolling half-yearly average AUM at or above the prescribed threshold; existing schemes have one year to comply. New fund offers must meet specified minimum subscription amounts for debt oriented, balanced and other schemes. If an open-ended debt scheme breaches the rolling-average requirement, the AMC must scale up the AUM within six months or face applicable regulatory enforcement. Compliance confirmations are to be reported in Half Yearly Trustee Reports.
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.
Minimum AUM requirement for debt schemes mandates maintained corpus and remedial scaling on breach to protect investors.
Open-ended debt oriented schemes must maintain a rolling half-yearly average AUM at or above the prescribed threshold; existing schemes have one year to comply. New fund offers must meet specified minimum subscription amounts for debt oriented, balanced and other schemes. If an open-ended debt scheme breaches the rolling-average requirement, the AMC must scale up the AUM within six months or face applicable regulatory enforcement. Compliance confirmations are to be reported in Half Yearly Trustee Reports.
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