a) SEBI vide circular SEBI/HO/IMD/DF4/CIR/P/2020/202 dated September 08, 2020 has provided Guidelines on Inter Scheme Transfer of Securities.
b) In case of Close Ended Schemes, Inter Schemes Transfer purchases would be allowed within “three” business days of allotment pursuant to New Fund Offer (NFO)and thereafter, no ISTs shall be permitted to/from Close Ended Schemes.
c) No ISTs of a security shall be allowed, if there is negative news or rumors in the mainstream media or an alert is generated about the security, based on internal credit risk assessment in terms of clause F of SEBI Circular No. SEBI/HO/IMD/DF2/CIR/P/2019/104 dated October 01, 2019 during the previous four months.
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