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Fund of Funds in Iran Capital Market

The regulations of the funds of funds were made in the capital market.

The regulations of the funds of funds were made in the capital market.
The funds in Iran, previously, had permission to invest up to only five percent of their assets under management in other funds. However, they can go up to 100% now. They can be established as either redemption-based or exchange-traded funds. Their maturity is infinite with the minimum capital of 500 billion Iranian rials. They are also required to invest at least 85% of their money in other funds.
The capital market has been trying to direct the wandering liquidity in society toward itself.