Mutual funds regulations set registration, governance, investment limits, trustee oversight, NAV, expense caps and enforcement rules. These regulations create a comprehensive regime for mutual funds, specifying procedures for obtaining a certificate of registration, detailed eligibility and continuous net worth requirements for sponsors and AMCs, trustee duties to supervise AMCs and protect unitholders, operational obligations for AMCs (systems, key personnel, co investment and broker limits), investment categories and restrictions, daily NAV computation, expense ratio caps and disclosure requirements, tailored regimes for Specialized Investment Funds and Mutual Fund Lite, and Board powers for inspection, enforcement and regulatory relief.
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.
Mutual funds regulations set registration, governance, investment limits, trustee oversight, NAV, expense caps and enforcement rules.
These regulations create a comprehensive regime for mutual funds, specifying procedures for obtaining a certificate of registration, detailed eligibility and continuous net worth requirements for sponsors and AMCs, trustee duties to supervise AMCs and protect unitholders, operational obligations for AMCs (systems, key personnel, co investment and broker limits), investment categories and restrictions, daily NAV computation, expense ratio caps and disclosure requirements, tailored regimes for Specialized Investment Funds and Mutual Fund Lite, and Board powers for inspection, enforcement and regulatory relief.
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