Sponsor investment requirement mandates sponsor or AMC to invest in scheme growth option and lock that investment until wind-up. Regulation 21(f) raises monetary net worth thresholds to fifty crore, updates a reference year, extends a continuity period to three years, omits a proviso, and permits AMCs limited to infrastructure debt funds to operate with a lower net worth floor of ten crore. Regulation 28 now requires sponsors or AMCs to invest a prescribed minimum in the growth option of new fund offers and existing schemes, subject to a lock-in until scheme wind-up, with an exclusion for close-ended schemes and a one-year timeline for investing for existing schemes.
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.
Sponsor investment requirement mandates sponsor or AMC to invest in scheme growth option and lock that investment until wind-up.
Regulation 21(f) raises monetary net worth thresholds to fifty crore, updates a reference year, extends a continuity period to three years, omits a proviso, and permits AMCs limited to infrastructure debt funds to operate with a lower net worth floor of ten crore. Regulation 28 now requires sponsors or AMCs to invest a prescribed minimum in the growth option of new fund offers and existing schemes, subject to a lock-in until scheme wind-up, with an exclusion for close-ended schemes and a one-year timeline for investing for existing schemes.
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