Asset allocation base exclusion clarifies CDMDF units are excluded from net assets for mutual fund limit calculations. Investment in units of the Corporate Debt Market Development Fund shall be excluded from the base of net assets for calculation of mutual fund scheme asset allocation limits under Part IV of Chapter 2 on Categorization and Rationalization of Mutual Fund Schemes; the clarification is effective immediately and must be applied by AMCs and trustees for compliance with scheme allocation limits.
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.
Asset allocation base exclusion clarifies CDMDF units are excluded from net assets for mutual fund limit calculations.
Investment in units of the Corporate Debt Market Development Fund shall be excluded from the base of net assets for calculation of mutual fund scheme asset allocation limits under Part IV of Chapter 2 on Categorization and Rationalization of Mutual Fund Schemes; the clarification is effective immediately and must be applied by AMCs and trustees for compliance with scheme allocation limits.
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