Removal of Initial issue expenses

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Full Text of the Document

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....arge initial issue expenses and not charge entry load. In order to bring in more transparency and clarity to the investors in terms of the expenses charged to them in closed-end schemes, SEBI Board in a recent meeting decided as under: 1. Henceforth, there will not be any provision of charging initial issue expense and amortization of the same. 2. All mutual fund schemes shall now meet the sales....