Investment limit exception allows equity ETFs and index funds exemption subject to Board-specified conditions under mutual fund amendments. The amendment inserts an exception in Seventh Schedule, clause 9(c), to the 25 per cent of the net assets limitation permitting equity oriented exchange traded funds and index funds to exceed that concentration cap, provided such investments comply with conditions as may be specified by the Board. The Regulations take effect on publication in the Official Gazette.
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.
Investment limit exception allows equity ETFs and index funds exemption subject to Board-specified conditions under mutual fund amendments.
The amendment inserts an exception in Seventh Schedule, clause 9(c), to the 25 per cent of the net assets limitation permitting equity oriented exchange traded funds and index funds to exceed that concentration cap, provided such investments comply with conditions as may be specified by the Board. The Regulations take effect on publication in the Official Gazette.
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