Master Circular for Mutual Funds - SEBI - SEBI/HO/IMD/DF2/CIR/P/2020/156

MASTER CIRCULAR SEBI/HO/IMD/DF2/CIR/P/2020/156 August 24, 2020 All Mutual Funds/ Asset Management Companies (AMCs)/ Trustee Companies/ Boards of Trustees of Mutual Funds/ Registrar and Transfer Agents (RTAs)/ Association of Mutual Funds in India (AMFI) Dear Sir/ Madam, Sub: Master Circular for Mutual Funds For effective regulation of the Mutual Fund Industry, Securities and Exchange Board of India (SEBI) has been issuing various circulars from time to time. In order to enable the industry and other users to have an access to all the applicable circulars at one place, Master Circular for Mutual Funds has been prepared. This Master Circular is a compilation of all the circulars issued by SEBI on the above subject, which are operational as on date of this circular. This Master Circular shall supersede the previous Master Circular No.SEBI/HO/IMD/DF5/CIR/P/2018/109 dated July 10, 2018. Yours faithfully, Hruda Ranjan Sahoo Deputy General Manager Tel no.: 022-26449586 [email protected] MASTER CIRCULAR FOR MUTUAL FUNDS BY SECURITIES AND EXCHANGE BOARD OF INDIA 1. This Master Circular includes circulars issued upto March 31, 2020. Temporary relaxations with regards to certain compliance requirements for mutual funds in the wake of the COVID- 19 pandemic were provided vide SEBI Circular No. SEBI/HO/IMD/DF3/CIR/P/2020/47 dated March 23, 2020, which may be referred to for the same. 2. In case of any inconsistency between the master circular and the applicable circulars, the contents of the relevant circular shall prevail. 3. Master Circular is a compilation of all the existing/applicable circulars issued by Investment Management Department of SEBI to Mutual Funds. Efforts have been made to incorporate certain applicable provisions of existing circulars (as on date) issued by other Departments/Divisions of SEBI relevant to Mutual Funds.