Listing of Mutual Fund schemes that are in the process of winding up

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....am, Subject: Listing of Mutual Fund schemes that are in the process of winding up 1. Presently, in terms Regulation 32 of SEBI (Mutual Funds) Regulations, 1996 ("MF Regulations") and SEBI Circular no. SEBI/HO/IMD/DF2/CIR/P/2018/160 dated December 28, 2018, every close-ended scheme and units of segregated portfolio shall be listed on recognized stock exchanges. 2. As per MF Regulations, there ar....

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....l to exit provided to them. 3. Initially, trading in units of such a listed scheme that is under the process of winding up, shall be in dematerialised form. 4. AMCs shall enable transfer of such units which are held in form of Statement of Account (SoA) / unit certificates. 5. Detailed operational modalities for trading and settlement of units of MF schemes that are under the process of winding....

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....oyees of AMC and Trustee shall not be permitted to transact (buy or sell) in the units of such schemes that are under the process of being wound up. The compliance of the same shall be monitored both by the Board of AMC and Trustee. 8. This Circular shall come into force with immediate effect. Stock exchanges desirous of offering this facility, shall submit the detailed operational modalities to ....