RESTRICTIONS ON BUSINESS ACTIVITIES :

The Collective Investment Management Company should not:

(i) undertake any activity other than that of managing the scheme;

(ii) act as a trustee of any scheme;

(iii) launch any scheme for the purpose of investing in securities;

(iv) invest in any schemes floated by it.

However, it has been provided that a CIMC may invest in its own scheme, if it makes a disclosure of its intention  to invest in the offer document of the scheme, and does not charge any fees on its investment in that scheme.