- No scheme of a mutual fund other than the [initial] [Inserted by S.O. 32(E), dated 12.1.1998] offering period of any equity linked savings schemes shall be open for subscription for more than [fifteen days.] [Substituted '45 days' Notification No. LAD-NRO/GN/2010-11/13/13945, dated 29.7.2010.]
[Provided that in case of mutual fund schemes eligible under Rajiv Gandhi Equity Savings Scheme, the period specified in this regulation shall be not be more than thirty days.] [Inserted by Notification No. LAD-NRO/GN/2013-14/12/6108, dated 19.6.2013.]