Regulatory Alerts2024-06-27
Master Circular for Mutual Funds as on March 31, 2024
The Securities and Exchange Board of India (SEBI) issued this Master Circular to consolidate and update all regulatory guidelines for the mutual fund industry effective March 31, 2024, superseding the previous version from May 2023. The document rescinds specific prior circulars while preserving the legal validity of actions taken under them and mandates periodic compliance reporting from mutual funds, asset management companies, and related intermediaries. It establishes comprehensive operational standards covering offer documents, scheme categorization, risk management, valuation, and investor protection measures.
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