PROCEDURE FOR LAUNCHING OF SCHEMES :
• A scheme shall not be launched by the asset management company unless such scheme is approved by the trustees and a copy of the offer document has been filed with SEBI.
• The mutual fund shall pay the minimum filing fee and balance filing fee calculated in accordance with the Second Schedule to SEBI while filing the offer document.
• The sponsor or asset management company shall invest not less than one percent of the amount which would be raised in the new fund offer or fifty lakh rupees, whichever is less, in the growth option of the scheme and such investment shall not be redeemed unless the scheme is wound up. However, this shall not apply to close ended schemes.