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INVESTMENT BY THE SPONSOR OR ASSET MANAGEMENT COMPANY IN THE SCHEME

Updated on:12th Jun, 2020
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.
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