Participation of Mutual Funds in Commodity Derivatives Market in India

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..... Sir / Madam, Sub: Participation of Mutual Funds in Commodity Derivatives Market in India 1. In partial modification to SEBI Circular No. SEBI/HO/IMD/DF2/CIR/P/2019/65 dated May 21, 2019, paragraph 3(iii) regarding holding of physical goods by mutual fund schemes, is modified as under: 3(iii) No Mutual fund schemes shall invest in physical goods except in gold through Gold ETFs. Ho .....

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..... nged. 2. This circular is issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992 , read with the provisions of Regulation 77 of SEBI (Mutual Funds) Regulations, 1996 , to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. Yours faithfully, Hruda Ran .....

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