Just a moment...

Top
FeedbackReport
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

Launch of Additional Plans under existing schemes

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....rent maturity periods as a part of the existing schemes. This matter was discussed in the last meeting of the advisory committee on mutual funds. The committee recommended that the additional plans being launched under the existing schemes (e.g. gilt schemes, liquid/money market schemes/debt schemes or any other type of schemes) which have substantially different characteristics from the main sche....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... shall be approved by the boards of AMCs and the trustees. The addendum/offer document detailing the features of the plan shall be submitted to SEBI at least 21 days prior to the opening of the first plan (if there are more than one plans). The addendum and application forms of such plans shall be made available by the mutual funds on their websites. The schedule detailing the dates of the subsequ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....mentioned in the offer documents. 5. The investment restrictions as specified in SEBI Regulations shall apply separately to each of the plans. All periodic disclosure including portfolio statement to be mailed to the unitholders as per the existing regulations shall be applicable to each of the plans. At the end of each plan, portfolio at the time of maturity and prevailing NAV shall be informed ....