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Bharti AXA FMP Series C Plan 2 being Wound Up

Last updated: 08-Jul-2024•Value Research

Bharti AXA FMP Series C Plan 2 of Bharti AXA Mutual Fund has failed to adhere to the requirements sp

Bharti AXA FMP Series C Plan 2 of Bharti AXA Mutual Fund has failed to adhere to the requirements specified under the SEBI Circular No. 10/22701/03, dated December 12, 2003, and has accordingly been wound-up with effect from March 30, 2009.

The SEBI regulations require all funds to have a minimum of 20 investors and that no single investor should account for more than 25% of the corpus of the scheme. The aforesaid scheme, at the end of the last specified transaction period, was not able to meet one or more of these requirements, and has accordingly been wound-up in line with the provisions of the SEBI Regulations.

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