Ch.5 · SID, SAI and KIM Documents · hard
Under what circumstances can a mutual fund scheme be wound up as per SEBI regulations?
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EXPLANATION
A scheme can be wound up under three circumstances: (1) When 75% of unit holders by value (not by number) pass a resolution for winding up; (2) When the trustees, in their discretion, determine it is in the interest of unit holders; or (3) When SEBI directs winding up for regulatory reasons.
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