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    Question

    According to the IFSCA Circular on facilitating investments by NRIs and OCIs (May 2024), what is the minimum number of investors required for a retail scheme launched by Fund Management Entities (FMEs) under Route 2?

    A 10 investors Correct Answer Incorrect Answer
    B 15 investors Correct Answer Incorrect Answer
    C 20 investors Correct Answer Incorrect Answer
    D 25 investors Correct Answer Incorrect Answer
    E 30 investors Correct Answer Incorrect Answer

    Solution

    The circular mandates that each scheme launched under Route 2 must have at least 20 investors, with no single investor contributing more than 25% of the fund.

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