IMPORTANT DEFINITIONS :
Advertisement shall include all forms of communication issued by or on behalf of the asset management company/mutual fund that may influence investment decisions of any investor/prospective investors.
Asset Management Company means a company formed and registered under the Companies Act, 2013 and approved as such by SEBI under Regulation 21(2).
Mutual Fund means a fund established in the form of a trust to raise monies through the sale of units to the public or a section of the public under one or more schemes for investing in securities including money market instruments or gold or gold related instruments or real estate assets. However, infrastructure debt fund schemes may raise monies through private placement of units, subject to conditions specified in these regulations.
Money Market Mutual Fund means a scheme of a mutual fund, set up with the objective of investing exclusively in money market instruments.
Sponsor means any person who, acting alone or in combination with another body corporate establishes a mutual fund.
Trustees mean the Board of Trustees or the Trustee Company who hold the property of the mutual fund in trust for the benefit of the unit holders.
Unit means the interest of the unit holders in a scheme which consists of each unit representing one undivided share in the assets of a scheme.
Unit Holder means a person holding unit in a scheme of a mutual fund.
Close-ended scheme means any scheme of a mutual fund in which the period of maturity of scheme is specified.
Open-ended scheme means a scheme of a mutual fund which offers units for sale without specifying anyduration for redemption.
Gold exchange traded fund scheme means a mutual fund scheme that invests primarily in gold or gold related instruments.
Gold related instrument means such instrument having gold as underlying, as may be specified by SEBI from time to time.
Capital protection oriented scheme means a mutual fund scheme which is designated as such and which endeavours to protect the capital invested therein through suitable orientation of its portfolio structure.
Index fund scheme means a mutual fund schemes that invests in securities in the same proportions as an index of securities.