Real Estate Investment Trust units incorporated into mutual fund rules, altering concentration limits and investment permissions accordingly. The amendments integrate Real Estate Investment Trust units into mutual fund instrument definitions, raise the portfolio concentration threshold in Chapter VI, and modify Chapter VI C regulation 49AA to include REIT units in cross scheme ownership calculations, replace 'company' with 'entity,' limit Specialized Investment Fund ownership where mutual funds hold specified stakes, and remove certain permissions that previously linked REIT investments with InvIT clauses; corresponding edits are made in Chapter VII and Schedule VII to align thresholds and terminology.
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Real Estate Investment Trust units incorporated into mutual fund rules, altering concentration limits and investment permissions accordingly.
The amendments integrate Real Estate Investment Trust units into mutual fund instrument definitions, raise the portfolio concentration threshold in Chapter VI, and modify Chapter VI C regulation 49AA to include REIT units in cross scheme ownership calculations, replace "company" with "entity," limit Specialized Investment Fund ownership where mutual funds hold specified stakes, and remove certain permissions that previously linked REIT investments with InvIT clauses; corresponding edits are made in Chapter VII and Schedule VII to align thresholds and terminology.
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