Multiple choice

After closure of the initial offer of an open ended scheme, on-going sales and repurchases must start within

  1. one week

  2. 30 days

  3. 45 days

  4. 180 days
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

After the initial offer of an open-ended scheme closes, SEBI regulations require that ongoing sales and repurchases commence within 30 days. This ensures that investors can enter or exit the scheme within a reasonable timeframe after the NFO (New Fund Offer) period.

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