Detail Content
Management of Mutual Fund
11. Increases in registered capital and scheme capital
(1) Closed-end mutual fund:
1) The increases shall be specified in the scheme before the IPO;
2) The increases shall not make the total investment unit value exceed the registered scheme capital (calculation based on the par value);
3) Offering for sale at the price of the fund's NAV on the sale date.
(2) Open-end mutual fund:
1) The increases shall be clearly specified in the scheme;
2) The increases shall not make the total investment unit value exceed the registered scheme capital (calculation based on the par value);
3) An additional offering of investment units to increase the scheme capital can be made after the change in the scheme capital has been registered with the SEC.