Question 19 of 90
Can the fundamental attributes of a scheme be changed? If yes, how?
A
Yes, but with the consent of 100% of the unit holders
B
Yes, with the permission of SEBI and AMFI
C
Yes, but the change must be communicated to unit holders, who must be provided an option to exit the scheme
D
No, the fundamental attributes cannot be changed because investors have invested based on these attributes
Correct Option:
C
Explanation
Under SEBI Mutual Fund Regulations, the fundamental attributes of a scheme may be changed, provided the change is communicated to all unit holders and they are given an exit option without any exit load within the prescribed period.
