Minimum investment threshold for Specialized Investment Funds clarified; applies at PAN level with limited exception. Interval scheme maturity provisions of the Mutual Fund Master Circular are disapplied to Interval Investment Strategies under SIF. The AMC must ensure an investor's aggregate investment across all SIF strategies at the PAN level meets the Minimum Investment Threshold of ten lakh rupees, except for mandatory AMC employee investments under the Master Circular's designated employee provision.
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 investment threshold for Specialized Investment Funds clarified; applies at PAN level with limited exception.
Interval scheme maturity provisions of the Mutual Fund Master Circular are disapplied to Interval Investment Strategies under SIF. The AMC must ensure an investor's aggregate investment across all SIF strategies at the PAN level meets the Minimum Investment Threshold of ten lakh rupees, except for mandatory AMC employee investments under the Master Circular's designated employee provision.
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