Upon recovery of money, (partial or full), it shall be immediately distributed to the investors in proportion to their holding in the segregated portfolio.
Capital gains / loss to be calculated from date of original investment and not from date of segregation.
Beneficial Owner - The natural person or persons who ultimately own, control or influence a client and/or persons on whose behalf a transaction is being conducted, and includes a person who exercises ultimate effective control over a legal person or arrangement.
Controlling ownership interest means ownership of/ entitlement to: a) more than 25 percent of shares or capital or profits in case of a company; b) more than 15 percent of the capital or profits in case of a partnership firm, an unincorporated association or body of individuals and c) 15 percent or more interest in case of trust.
Unit capital of a mutual fund scheme denotes the total value of its corpus i.e. number of units outstanding multiplied by its face value (FV).
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