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    Change in the nature of the scheme of Mutual Fund

    Posted By : Juhee Goyal / Published on : 09-Aug-2022 05:21 AM / View : 74 / Comment : 1

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    Hello Everyone!

    Can a mutual fund change the nature of the scheme from the one specified in the offer document?
    Read more on : fund mutual scheme nature change

    • Dear Member

      Hope you are doing well,

      Yes. However, no change in the nature or terms of the scheme, known as fundamental attributes of the scheme e.g. structure, investment pattern, etc., can be carried out unless a written communication is sent to each unit holder and an advertisement is given in one English daily newspaper having nationwide circulation and in a newspaper published in the language of the region where the head office of the mutual fund is situated. The unit holders have the right to exit the scheme at the prevailing NAV without any exit load if they do not want to continue with the scheme. The mutual funds are also required to follow similar procedure while converting the scheme from close-ended to open-ended scheme

       

      Hope it helps!!

      10-08-2022 / 05:07:16 AM
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