SEBI issued a circular to promote ease of doing business for ...
SEBI eases rules for fund managers of mutual funds investing in commodities and overseas securities, making appointments optional with expertise requirements.
Circulars SEBI
May 22, 2024
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.
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