SEBI issued a circular to promote ease of doing business for ...

SEBI Updates Mutual Fund Rules: Optional Fund Managers for Commodities & Overseas Investments to Boost Investor Protection.

May 22, 2024

Circulars SEBI

SEBI issued a circular to promote ease of doing business for mutual funds investing in commodities and overseas securities. The circular modifies clauses in the Master Circular for Mutual Funds. For commodity-based funds, appointment of a dedicated fund manager is optional, but expertise is required. Similarly, for overseas investments, a dedicated fund manager is optional, with expertise necessary. Boards of AMCs must ensure compliance and reporting to trustees periodically. The circular is issued u/s 11(1) of SEBI Act, 1992, to protect investor interests and regulate the securities market. Contact details for further information are provided.

View Source

← Previous Next →

SEBI issued a circular to promote ease of doing business for ...

SEBI Updates Mutual Fund Rules: Optional Fund Managers for Commodities & Overseas Investments to Boost Investor Protection.

May 22, 2024

Circulars SEBI

You may also like:

Participation of Mutual Funds in Commodity Derivatives Market in India

Filing of Advertisements under SEBI (Mutual Funds) Regulations, 1996

This circular permits Indian mutual funds to invest in overseas mutual funds/unit trusts (MF/UTs) with exposure to Indian securities, subject to certain conditions. The...

The circular issued by the Securities and Exchange Board of India (SEBI) on March 12, 2024, addresses the need for simplification and streamlining of Scheme Information...

SEBI has clarified provisions regarding Investor Education and Awareness Initiatives under Chapter 10 of the Master Circular on Mutual Funds. AMCs must allocate minimum...

The circular exempts jointly held Mutual Fund folios from the requirement of nomination, as per Clause 17.16 of the Master Circular. Failure to nominate by June 30,...

SEBI has issued a Master Circular dated August 04, 2023, revising guidelines for the Investor Protection Fund (IPF) and Investor Services Fund (ISF) for stock exchanges...

The circular addresses amendments to the Foreign Exchange Management (Overseas Investment) Directions, 2022 regarding investments in overseas funds. It clarifies that...

Exemption u/s 10(23FB) -Venture Capital Fund [VCF] - investments in Convertible Debenture application money - violation of SEBI (Venture Capital Fund) Regulations -...

Guidelines for Large Value Fund for Accredited Investors under SEBI (Alternative Investment Funds) Regulations, 2012 and Requirement of Compliance Officer for Managers...

Redemption of units of mutual funds - capital gain or business income - the intention for purchase of mutual funds was only for the purpose of investment and held for...

Interest incurred claimed as a deduction u/s. 57(iii) out of interest earned from mutual funds - In our opinion, unless funds are borrowed for making deposit to earn...

This circular from SEBI outlines the inclusion of mutual fund units under the purview of SEBI's Prohibition of Insider Trading Regulations, 2015, effective November 1,...

The definition of "Specified Mutual Fund" u/s 50AA is proposed to be amended to provide clarity regarding the proportion of investment in debt and money market...

The case deals with the applicability of Section 54EC of the Income Tax Act, which provides exemption from capital gains tax if the gains are invested in specified bonds...

Quick Updates: