5A chapter 7

In case of conflict valuation principles prevails over AMC principles

Any other expenses apart from recuring expenses should be borne by AMC, trustee, sponsor

Investment & Advisiory Fees can be charged to scheme

Index and liquid funds expense ratio is 2.25%

Other equity schemes expense ration is 1%

AMC sets TER limits

AMC can charge different expense ratio to different investor based on amount invested

SEBI has banned exit load

Investor can hold units in fraction of 1

NAV for equity & hybrid fund can be calculated upto 2 decimals