Question
According to the IFSCA Circular on facilitating
investments by NRIs and OCIs (May 2024), what is the minimum number of investors required for a retail scheme launched by Fund Management Entities (FMEs) under Route 2?Solution
The circular mandates that each scheme launched under Route 2 must have at least 20 investors, with no single investor contributing more than 25% of the fund.
Statements: V ≥ O ≥ S = A > J, M < Y = P ≤ O > R
Conclusion:
I. O > M
II. A ≥ M
III. V > R
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