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SEBI mandates new deployment timelines for NFO funds collected by AMCs effective April 1, 2025. AMCs must deploy funds within 30 business days of unit allotment, with potential 30-day extension upon Investment Committee approval. Non-compliance after 60 business days restricts fresh inflows, prohibits exit load charges, and requires investor notification. Fund managers may adjust NFO periods based on market conditions and deployment capability. For NFO switches from existing schemes, distribution commission must be the lower of the two schemes' offered rates. These regulations aim to prevent mis-selling and ensure efficient fund deployment as per scheme asset allocation. Trustees must monitor deployment and AMCs must report deviations. Guidelines apply to all NFOs except specific provisions for ELSS schemes.
SEBI mandates new deployment timelines for NFO funds collected by AMCs effective April 1, 2025. AMCs must deploy funds within 30 business days of unit allotment, with potential 30-day extension upon Investment Committee approval. Non-compliance after 60 business days restricts fresh inflows, prohibits exit load charges, and requires investor notification. Fund managers may adjust NFO periods based on market conditions and deployment capability. For NFO switches from existing schemes, distribution commission must be the lower of the two schemes' offered rates. These regulations aim to prevent mis-selling and ensure efficient fund deployment as per scheme asset allocation. Trustees must monitor deployment and AMCs must report deviations. Guidelines apply to all NFOs except specific provisions for ELSS schemes.
Note: It is a system-generated summary and is for quick reference only.
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