TaxTMI 
TaxTMI 
TaxTMI 
Capital Protection Oriented scheme and Revision in Fees
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....d is "oriented towards protection of capital" and "not with guaranteed returns". It should also be indicated that the orientation towards protection of the capital originates from the portfolio structure of the scheme and not from any bank guarantee, insurance cover etc. The proposed portfolio structure indicated in the offer document and KIM must be rated by a SEBI registered credit rating agency from the view point of assessing the degree of certainty for achieving the objective of capital protection. Moreover, the rating should be reviewed on a quarterly basis. In this regard, the Trustees should also continuously monitor the structure of the portfolio of the capital protection oriented scheme and should report the same in the half-yea....
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....BOARD OF INDIA (MUTUAL FUNDS) (THIRD AMENDMENT) REGULATIONS, 2006 S.O No.1254 (E). - In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following Regulations to further amend the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, namely :- 1. These Regulations may be called the Securities and Exchange Board of India (Mutual Funds) (Third Amendment) Regulations, 2006. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996: (i) in regulation 2, after clause (e), the following clause shall be inserted, namely ....
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....period." (vii) after regulation 38, the following regulation shall be inserted, namely - "Capital protection oriented schemes 38A. A capital protection oriented scheme may be launched, subject to the following: (a) the units of the scheme are rated by a registered credit rating agency from the viewpoint of the ability of its portfolio structure to attain protection of the capital invested therein; (b) the scheme is close ended; and (c) there is compliance with such other requirements as may be specified by the Board in this behalf." (viii) in regulation 52, in sub-regulation (4), in clause (b) - a. in sub-clause (xii-a), the word "and," appearing at the end shall be omitted; b. after sub-clause (xii-a), the following sub-c....
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.... No.1223(E). (d) on March 14, 2000 by the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2000 vide S.O. No.235 (E). (e) on March 28, 2000 by the Securities and Exchange Board of India (Appeal to the Securities Appellate Tribunal) (Amendment) Regulations, 2000 vide S.O. No.278(E). (f) on May 22, 2000 by the Securities and Exchange Board of India (Mutual Funds) (Second Amendment) Regulations, 2000 vide S.O. No.484 (E). (g) on January 23, 2001 by the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2001 vide S.O. No.69 (E). (h) on May 29, 2001 by the Securities and Exchange Board of India (Investment Advice by Intermediaries) (Amendment) Regulations, 2001 vide S.O. No.476(E). ....