Related Regulations The purpose of the restriction on unitholding in mutual fund above one-third of the outstanding investment units is to promote the more extensive distribution of investment units. The
) checking the basic individual qualifications of the applicant i.e. having extensive audit experience, holding a CPA license, not possessing prohibited characteristics and
value, and investment unit value of IFF on quarterly basis; Financial statement-quarterly and annually; Annual report; Project progress report, in case of IFFs' investment in greenfield project- semi