Fund expense limits revised and operational timeframes shortened for mutual fund schemes under regulatory amendment. The amendment reduces procedural deadlines in Regulations 34, 35 and 36 to shorter working day periods and replaces Regulation 52(6) to impose limits on total scheme expenses (excluding issue/redemption expenses) including management and advisory fees, with differentiated frameworks for fund of funds, index/ETF schemes, and other schemes under a tiered expense scale, and requires bond investing schemes to carry recurring expenses lower by a specified margin; Tenth Schedule clause (e) is omitted.
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Provisions expressly mentioned in the judgment/order text.
Fund expense limits revised and operational timeframes shortened for mutual fund schemes under regulatory amendment.
The amendment reduces procedural deadlines in Regulations 34, 35 and 36 to shorter working day periods and replaces Regulation 52(6) to impose limits on total scheme expenses (excluding issue/redemption expenses) including management and advisory fees, with differentiated frameworks for fund of funds, index/ETF schemes, and other schemes under a tiered expense scale, and requires bond investing schemes to carry recurring expenses lower by a specified margin; Tenth Schedule clause (e) is omitted.
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