Timeline for the Exit Option Window Period for Change in Control of AMC

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....ual Funds in India (AMFI) Sir / Madam, Subject: Timeline for the Exit Option Window Period for Change in Control of AMC Para 17.8.1 (III) of Master Circular no. SEBI/HO/IMD/IMD-PoD-1/P/CIR/2023/74 dated May 19, 2023 prescribes the procedure for change in control of an AMC. Considering that growth in technological communication has enabled faster dissemination of information to unitholders....

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....to exit on the prevailing Net Asset Value (NAV) without any exit load within a time period not less than 30 calendar days from the date of communication." 2. All other provisions mentioned in the aforesaid master circular pertaining to the respective para shall remain unchanged. 3. All AMCs are advised to make the necessary changes to facilitate the above within one month from the date of is....