Ch.3 · Sponsor, Trustee and AMC Roles · medium
What is the procedure for registration of a new mutual fund with SEBI?
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EXPLANATION
To register a new mutual fund, the sponsor submits an application to SEBI with detailed information about the sponsor, proposed trustees, AMC, track record, and financial position. SEBI scrutinizes the application for eligibility (net worth, track record, fit and proper criteria) and, if satisfied, grants a Certificate of Registration to the mutual fund.
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