Portfolio of “Liquid Schemes” and nomenclature of “Liquid Plus” schemes

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..... f "Liquid Plus" schemes A. Guidelines on portfolio of Liquid Scheme 1. Please refer to SEBI circular dated October 11, 2006 on "Uniform cut-off for applicability of NAV of mutual fund schemes/plans", wherein the characteristics of liquid scheme and plan portfolio have been defined in Schedule I. 2. The characteristics of liquid schemes were discussed in the Advisory Committee of Mutual Funds. I .....

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..... 09, make investment in /purchase debt and money market securities with maturity of upto 91 days only. Explanation: a. In case of securities where the principal is to be repaid in a single payout the maturity of the securities shall mean residual maturity. In case the principal is to be repaid in more than one payout then the maturity of the securities shall be calculated on the basis of weighted .....

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..... quirements stated at paragraph 4 (ii) above shall apply to such inter-se scheme transfers also. B. Liquid plus schemes The Advisory Committee of Mutual Funds also recommended that the nomenclature of "Liquid Plus Scheme" should be discontinued since it gives a wrong impression of added liquidity. It has been decided to accept the aforesaid recommendation of the Advisory Committee and accordingly .....

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