Derivatives trading: mutual funds may transact on recognised exchanges subject to Board guidelines and scheme provisions. Mutual funds may enter into derivatives transactions on recognised stock exchanges subject to Board guidelines; initial issue expenses of close ended schemes must be amortised per the Tenth Schedule and initial launch expenses shall not exceed six per cent of initial resources raised. No entry load shall be charged by any close ended scheme after commencement. On repurchase of units in qualifying close ended schemes, the mutual fund may deduct the proportionate unamortised initial issue expenses from repurchase proceeds, credited to the scheme's unamortised initial issue expenses. Dividend declarations are permitted per the offer document and Board guidelines.
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.
Derivatives trading: mutual funds may transact on recognised exchanges subject to Board guidelines and scheme provisions.
Mutual funds may enter into derivatives transactions on recognised stock exchanges subject to Board guidelines; initial issue expenses of close ended schemes must be amortised per the Tenth Schedule and initial launch expenses shall not exceed six per cent of initial resources raised. No entry load shall be charged by any close ended scheme after commencement. On repurchase of units in qualifying close ended schemes, the mutual fund may deduct the proportionate unamortised initial issue expenses from repurchase proceeds, credited to the scheme's unamortised initial issue expenses. Dividend declarations are permitted per the offer document and Board guidelines.
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