Close-ended debt mutual funds may disclose credit policy, excluded sectors, instruments, and allocation bands; final portfolio must match publicized allocation. SEBI permits specified additional disclosures for close-ended debt oriented schemes: disclose credit evaluation policy, sectors excluded, instrument types (e.g., CPs, CDs, Treasury bills), and allocation floors and ceilings within a 5% range of intended allocation by sub-asset class/credit rating. After NFO closure the AMC must report the publicized allocation and the final portfolio to the AMC and Trustees; variations between the indicative allocation and the final portfolio are not permissible.
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.
Close-ended debt mutual funds may disclose credit policy, excluded sectors, instruments, and allocation bands; final portfolio must match publicized allocation.
SEBI permits specified additional disclosures for close-ended debt oriented schemes: disclose credit evaluation policy, sectors excluded, instrument types (e.g., CPs, CDs, Treasury bills), and allocation floors and ceilings within a 5% range of intended allocation by sub-asset class/credit rating. After NFO closure the AMC must report the publicized allocation and the final portfolio to the AMC and Trustees; variations between the indicative allocation and the final portfolio are not permissible.
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