Capital protection oriented scheme: portfolio based protection requires rating, disclosure, close ended structure and no pre maturity repurchases. Capital protection oriented schemes must be designated and disclosed as oriented to capital protection but not guaranteeing returns, with protection arising from portfolio structure rather than external guarantees. The proposed portfolio must be rated by a SEBI registered credit rating agency, reviewed quarterly, with trustees and the AMC reporting on portfolio structure in half yearly and bi monthly reports respectively, the debt component carrying highest investment grade, schemes being close ended, and no repurchases before maturity.
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.
Capital protection oriented scheme: portfolio based protection requires rating, disclosure, close ended structure and no pre maturity repurchases.
Capital protection oriented schemes must be designated and disclosed as oriented to capital protection but not guaranteeing returns, with protection arising from portfolio structure rather than external guarantees. The proposed portfolio must be rated by a SEBI registered credit rating agency, reviewed quarterly, with trustees and the AMC reporting on portfolio structure in half yearly and bi monthly reports respectively, the debt component carrying highest investment grade, schemes being close ended, and no repurchases before maturity.
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