SEBI at it Board Meeting held on 4th December 2008 has issued fresh guidelines as regards all Future Close Ended Schemes (Therefore all FMP's except QIF Plans) yet to be launched. Please read the below mentioned paragraph relating to all future FMP's as stated in their Press Release.
It was decided that no early exit will be allowed in any scheme of Mutual Fund in the nature of a close ended scheme. The Schemes which have been approved earlier but not yet launched will also have to be amended accordingly. It will be obligatory for the Asset Management Company to list the close ended schemes. The Board also decided that for such close ended schemes the underlying assets will not have a maturity beyond the date on which the scheme expires. - Please find attached the Press Release.
Friday, December 5, 2008
Subscribe to:
Post Comments (Atom)
Life Insurance | Health Insurance | Auto Insurance
Investors Please Listen !
More than 100 kinds of Insurance products from more than
20 companies under one roof.
Call: 9818269396
investorspleaselisten@in.com
www.investorspleaselisten.blogspot.com
|
|
No comments:
Post a Comment