a) SEBI vide circular no. SEBI/HO/IMD/DF3/CIR/P/2020/086 dated May 20, 2020 has provided guidelines Listing of Mutual Fund schemes that are in the process of winding up.
b) Presently, in terms Regulation 32 of SEBI (Mutual Funds) Regulations, 1996 (MF Regulations) and SEBI Circular no. SEBI/HO/IMD/DF2/CIR/P/2018/160 dated December 28, 2018, every close-ended scheme and units of segregated portfolio shall be listed on recognized stock.
c) As per MF Regulations, there are several steps envisaged with respect to winding up of Mutual Fund schemes before the scheme ceases to exist. During this process, such units can be listed and traded on a recognized stock exchange, which may provide an exit to investors.
d) The entire circular can be accessed online on portal of SEBI.
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