Ch.4 · SEBI Mutual Fund Regulations · hard
Under SEBI regulations, what is the maximum period for which a close-ended scheme can be launched?
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EXPLANATION
SEBI regulations do not prescribe a maximum maturity period for close-ended schemes, but they must have a defined maturity date. ELSS schemes have a specific 3-year lock-in requirement, but this is a minimum, not a maximum for close-ended funds generally.
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