Ch.5 · NFO Process and Rules · medium
When an AMC proposes to change the fundamental attributes of a scheme, what must happen?
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EXPLANATION
Changes to fundamental attributes require: (1) Prior SEBI approval; (2) Written communication to all unit holders at least 30 days before the change; (3) A mandatory exit window during which existing investors can redeem without exit load. This protects investors who invested based on the original scheme characteristics.
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