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      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?
      A 10 investors Correct Answer Incorrect Answer
      B 15 investors Correct Answer Incorrect Answer
      C 20 investors Correct Answer Incorrect Answer
      D 25 investors Correct Answer Incorrect Answer
      E 30 investors Correct Answer Incorrect Answer

      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.

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