Index fund expense limits reduce permitted fees and allow mutual funds to engage in short selling and securities lending. The amendments define an index fund scheme, impose reduced caps on investment/advisory fees and total expenses for index funds, permit mutual funds to engage in short selling and securities lending and borrowing and allow derivatives transactions on recognised exchanges subject to Board-prescribed frameworks, while maintaining a prohibition on carry forward transactions and retaining delivery-based trading obligations with provisos for Board-authorised short selling and derivatives activity.
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Provisions expressly mentioned in the judgment/order text.
Index fund expense limits reduce permitted fees and allow mutual funds to engage in short selling and securities lending.
The amendments define an index fund scheme, impose reduced caps on investment/advisory fees and total expenses for index funds, permit mutual funds to engage in short selling and securities lending and borrowing and allow derivatives transactions on recognised exchanges subject to Board-prescribed frameworks, while maintaining a prohibition on carry forward transactions and retaining delivery-based trading obligations with provisos for Board-authorised short selling and derivatives activity.
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