Investment by the sponsor or asset management company in the scheme

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Full Text of the Document

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....nsor or asset management company in the scheme 1. In terms of Regulation 28 (4) of SEBI (Mutual Funds) (Amendment) Regulations, 2020, the sponsor or asset management company is required to invest not less than one percent of the amount which would be raised in the new fund offer or fifty lakh rupees, whichever is less in such option of the scheme, as may be specified by the Board. 2. In this reg....