Ch.5 · NFO Process and Rules · medium
What is the 'minimum target amount' in the context of NFOs?
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EXPLANATION
The minimum target amount is the minimum total subscription that the AMC needs to collect during the NFO period to proceed with launching the scheme. This amount, and the plan if it is not achieved (refund of money), must be disclosed in the SID. Most AMCs set this at ₹10–20 crore.
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