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 In close-ended funds, IST allowed within 3 days from allotment; in open-ended schemes, can happen only under redemption pressure SEBI has tightened regulations for inter-scheme transfers (IST) within the same mutual fund house by banning transfer of investment in close-ended schemes after three business days of allotment. At present, transfers of securities from one scheme to another scheme in the same mutual fund is allowed only if such transfers are done at the prevailing market price and the securities so transferred are in conformity with its investment objective.