https://www.taxtmi.com/circulars?id=60662 The amendments define fund of funds schemes and require the CEO of the asset management company to ensure regulatory compliance, overall risk management, and that fund managers invest in the interest of unitholders. Fund managers must ensure investments meet scheme objectives. Fund of funds schemes must disclose that investors bear recurring expenses of the scheme plus expenses of underlying schemes, may not invest in other fund of funds, and may only hold non-scheme assets to meet disclosed liquidity requirements for repurchases or redemptions. en-us Thu, 12 Jun 2003 00:00:00 +0530 Wed, 01 May 2019 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=60662 The amendments define fund of funds schemes and require the CEO of the asset management company to ensure regulatory compliance, overall risk management, and that fund managers invest in the interest of unitholders. Fund managers must ensure investments meet scheme objectives. Fund of funds schemes must disclose that investors bear recurring expenses of the scheme plus expenses of underlying schemes, may not invest in other fund of funds, and may only hold non-scheme assets to meet disclosed liquidity requirements for repurchases or redemptions. Circulars SEBI Thu, 12 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60662