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          Specified Mutual Fund classification depends on predominant investment in debt and money market instruments affecting tax treatment. A Specified Mutual Fund is a mutual fund investing more than sixty-five percent of its total proceeds in debt and money market instruments, or a fund investing that proportion in units of such a fund. The qualifying percentage is computed by reference to the annual average of daily closing figures. 'Debt and money market instruments' include securities classified or regulated as such by the securities regulator.
                            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.

                                  Specified Mutual Fund classification depends on predominant investment in debt and money market instruments affecting tax treatment.

                                  A Specified Mutual Fund is a mutual fund investing more than sixty-five percent of its total proceeds in debt and money market instruments, or a fund investing that proportion in units of such a fund. The qualifying percentage is computed by reference to the annual average of daily closing figures. "Debt and money market instruments" include securities classified or regulated as such by the securities regulator.


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