Minimum Participation Amount definition

Minimum Participation Amount means the minimum amount of initial participation of a Participant or Trustor in the Fund as indicated in Annex A.

Minimum Participation Amount means the minimum investment amount by the client prescribed under SEBI (Portfolio Managers) Regulations, 2020. “Net Realisable Value” means the value of the Assets and shall be aggregate of (a) the amount of cash in the Bank account and (b) the value of the client securities at the end of any day, net of the liabilities accrued in the Portfolio. “NRI” means a Non-Resident Indian as defined under the Foreign Exchange Management Act, 1999.

Minimum Participation Amount means the minimum investment amount by the client prescribed under SEBI (Portfolio Managers) Regulations, 2020. “Net Realisable Value” means the value of the Assets and shall be aggregate of (a) the amount of cash in the Bank account and (b) the value of the client securities at the end of any day, net of the liabilities accrued in the Portfolio. “NRI” means a Non-Resident Indian as defined under the Foreign Exchange Management Act, 1999. i this Agreement and includes any Securities mentioned in the Application, any further Securities placed by the Client with the Portfolio Manager for being managed pursuant to the Agreement, Securities acquired by the Portfolio

Examples of Minimum Participation Amount in a sentence

• Participation in the FUND shall be allowed on the basis of the Net Asset Value (NAV) of each participation unit and shall not be less than the Minimum Participation Amount as indicated in the PLAN/TRUST DEED.

• In case any of the securities brought in by the Client are rejected by the Portfolio Manager and the value of the securities accepted together with cash (fund), if any, brought in by the client towards Minimum Participation Amount is less than the requisite minimum amount, then the client shall bring in additional cash (fund) or securities (acceptable to the Portfolio Manager) to make up the shortfall in the Minimum Participation Amount.

• In case any of the securities brought in by the Client are rejected by the Portfolio Manager and the value of the securities accepted together with cash, if any, brought in by the client towards Minimum Participation Amount is less than the requisite minimum amount, then the client shall bring in additional cash or the securities (acceptable to the Portfolio Manager) to make up the shortfall in the Minimum Participation Amount.

• Provided that the Client shall not be required to make up the shortfall to the extent that the shortfall is on account of the xxxx-to-market value of the Securities contained in the Account being lower than the Minimum Participation Amount.

• Provided that the Client shall not be required to make up the shortfall to the extent that the shortfall is on account of the mark-to-market value of the Securities contained in the Account being lower than the Minimum Participation Amount.

• The Client(s) shall maintain the minimum participation amount under each portfolio as may be stated by the Portfolio Manager from time to time as per its product paper and such minimum amount shall not in any event be less than the minimum amount stipulated under the Portfolio Management Guidelines, 2010 or in accordance with the amendments there under from time to time ("the Minimum Participation Amount").

• CONTRIBUTION – Participation in the FUND shall be allowed on the basis of the Net Asset Value (NAV) of each participation unit and shall not be less than the Minimum Participation Amount as indicated in the PLAN/TRUST DEED.

More Definitions of Minimum Participation Amount

Minimum Participation Amount shall have the meaning ascribed to it in Clause 10.