Infrastructure facility: energy-efficient public lighting held integral to road projects, qualifying the operator as a developer and eligible for dedu...
Fourth Proviso to Section 153A: extended-period inquiry requires a reasonable, material-based satisfaction that escaped income likely exceeds the thre...
Clause 2.6 of the Master Circular is superseded to prescribe uniform categories, characteristics and nomenclature for mutual fund schemes (Equity, Debt, Hybrid, Life Cycle and Other schemes) and to require scheme-level conformity within six months. The circular prescribes minimum asset-allocation thresholds, permitted residual investments, portfolio-overlap limits and a quarterly overlap computation methodology with phased realignment for sectoral/thematic schemes. It discontinues Solution Oriented Schemes, prescribes Life Cycle Fund glide paths, caps on FoF underlying exposures and standardised FoF categorisation, requires true-to-label naming and monthly public disclosure of category-wise portfolio overlap on AMC websites.
Clause 2.6 of the Master Circular is superseded to prescribe uniform categories, characteristics and nomenclature for mutual fund schemes (Equity, Debt, Hybrid, Life Cycle and Other schemes) and to require scheme-level conformity within six months. The circular prescribes minimum asset-allocation thresholds, permitted residual investments, portfolio-overlap limits and a quarterly overlap computation methodology with phased realignment for sectoral/thematic schemes. It discontinues Solution Oriented Schemes, prescribes Life Cycle Fund glide paths, caps on FoF underlying exposures and standardised FoF categorisation, requires true-to-label naming and monthly public disclosure of category-wise portfolio overlap on AMC websites.
Note: It is a system-generated summary and is for quick reference only.
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