India: Investment Strategy

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SEBI Clarifies AIF's Managed By AMC's Are To Be Broad Based Under The Mutual Fund Regulations
One such condition is that the pooled asset must be "broad based." Under Regulation 2(1)(f) of the MF Regulations, a broad-based fund is defined as one having at least 20 investors, with no single investor holding more than 25% of the corpus of such fund. In practice, this requirement has created interpretational challenges for AMCs that also manage AIFs (whether directly or through subsidiaries).
India Finance
KC
Khaitan & Co LLP
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