SEBI allows listing of MF schemes in process of winding up

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SEBI allows listing of MF schemes in process of winding up

May 21, 2020 12:44 IST

SEBI on Thursday allowed the listing of mutual fund schemes which are in the process of winding up. In a circular, the securities market regulator noted that as per mutual fund regulations, there are several steps with respect to winding up of mutual fund schemes before the scheme ceases to exist. During this process, such units can be listed and traded on a recognised stock exchange, which may provide an exit to investors, it said.