Redemption of Close ended scheme
Regulation 133
Redemption of Close ended scheme
IFSCA (Fund Management) Regulations, 2025No change in 2026Chapter VIII · General Obligations and Responsibilities
Chapter VIII · General Obligations and Responsibilities
Regulation 133 – Redemption of Close ended scheme
Medium importance about 3 min
Ongoing obligations & governance: Conduct, reporting, risk, custody, change in control and the day-to-day compliance load.
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In plain English
A close-ended must be fully redeemed at the end of its maturity period unless its tenure is extended as permitted.
In plain English
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The rule, in its own words
Read the exact text of Regulation 133
133. A close-ended scheme, unless its tenure is extended as specified under these regulations, shall be fully redeemed at the end of maturity period.
Statutory text — Principal Regulations, 2025 (as amended to 30 January 2026), consolidated where amended. The notified Gazette text prevails. Tap a highlighted word for how it functions.
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Exceptions and conditions
Taken from the wording of this provision — the carve-outs and conditions worth reading closely.
A close-ended scheme, unless its tenure is extended as specified under these regulations, shall be fully redeemed at the end of maturity period
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What this means in practice
Compliance actions
- Applies to
- Close-ended schemes
- Frequency
- At maturity
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Where it connects
Read alongside
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Check yourself
Quiz Centre
Test yourself on Regulation 133
2 questions in the unified bank test this regulation. Each explains every option and cites the provision.
A close-ended scheme must be fully redeemed at maturity unless its tenure is validly extended.
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Your notes
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Ongoing obligations & governance