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TMI BlogSEBI (Mutual Funds) (Amendment) Regulations, 2006 - GETFX X X X Extracts X X X X X X X X Extracts X X X X ..... es that gold related instruments are such instruments having gold as underlying, as are specified by SEBI from time to time. It is clarified in accordance with the provisions of Regulation 77 of SEBI (Mutual Funds) Regulations, 1996 that, as of now, Gold ETF schemes can invest primarily in Gold. They can invest in gold related instruments only after such instruments are specified by SEBI. Yours faithfully, SUDEV C. DAS Encl : a/a THE GAZETTE OF INDIA EXTRAORDINARY PART -II - SECTION 3 - SUB SECTION (ii) PUBLISHED BY AUTHORITY SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 12th January, 2006 SECURITIES AND EXCHANGE BOARD OF INDIA (MUTUAL FUNDS) (AMENDMENT) REGULATIONS, 2006 S.O No.38(E). - In exercise of the po ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ank which is registered as a custodian with the Board." (iv) regulation 43 shall be substituted with the following, namely:- "Investment objective 43. (1) Subject to other provisions of these regulations, a mutual fund may invest moneys collected under any of its schemes only in - (a) securities; (b) money market instruments; (c) privately placed debentures; (d) securitised debt instruments, which are either asset backed or mortgage backed securities; or (e) gold or gold related instruments. (2) Any investment made under sub-regulation (1) shall be in accordance with the investment objective of the relevant mutual fund scheme. (3) Moneys collected under any money market scheme of a mutual fund shall be invested only in money marke ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... handling of gold; and," F.No. SEBI/LAD/DOP/ 25601 /2006 M. DAMODARAN CHAIRMAN SECURITIES AND EXCHANGE BOARD OF INDIA Footnotes: (1) The Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, the Principal Regulations were published in the Gazette of India on December 9, 1996 vide S.O. No. 856(E). (2) The Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 were subsequently amended - (a) on April 15, 1997 by the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 1997 vide S.O. No.327(E). (b) on January 12, 1998 by the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 1998 vide S.O. No.32(E). (c) on December 08, 1999 by the Securities a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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