Ch.3 · Sponsor, Trustee and AMC Roles · medium
What is a 'no-objection certificate' from SEBI in the context of mutual fund scheme launches?
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EXPLANATION
After reviewing a filed SID, SEBI issues an 'Observation Letter' (often referred to as no-objection) conveying that SEBI has reviewed the document and has no specific objections to the launch. Importantly, this is NOT a guarantee or endorsement of the scheme's quality or potential returns — the SID must carry a disclaimer to this effect.
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