Ch.3 · Sponsor, Trustee and AMC Roles · medium
What is 'scheme takeover' in mutual funds?
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EXPLANATION
Scheme takeover occurs when the parent company or sponsor of one AMC acquires another AMC. All schemes of the acquired AMC are then managed by the acquiring AMC. SEBI mandates that unit holders of the acquired schemes be notified and given a 30-day exit window without exit load before the takeover is completed.
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