TRANSFER OF UNITS :

Regulation 37 states that a unit is freely transferable except where it is specifically restricted or prohibited under the scheme. A unit holder in a close ended scheme listed on a recognized stock exchange, who desires to trade in units shall hold units in dematerialized form. The asset management company shall, on production of instrument of transfer with relevant unit certificates, register the transfer and return the unit certificate to the transferee within 30 days from the date of such production. However, if the units are with the depository such units will be transferable in accordance with the provisions of SEBI (Depositories and Participants) Regulations, 1996.