Ch.5 · NFO Process and Rules · medium
What is the maximum duration of the NFO period for an open-ended scheme?
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EXPLANATION
SEBI regulations specify that the NFO period for open-ended schemes must not exceed 15 days. After the NFO closes, the scheme must reopen for ongoing purchases and redemptions within 5 business days. This prevents AMCs from using extended NFO periods to lock in investor funds before the scheme goes live.
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