Ch.3 · Custodian and RTA Functions · medium
What is the 'SEBI (Mutual Funds) Regulations, 1996' and when did it come into force?
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EXPLANATION
The SEBI (Mutual Funds) Regulations, 1996 are the comprehensive regulatory framework governing mutual funds in India, replacing the earlier SEBI (Mutual Funds) Regulations, 1993. They cover registration, structure (three-tier), scheme categories, investment restrictions, disclosure requirements, investor rights, TER limits, and enforcement. These regulations have been amended multiple times to keep pace with market developments.
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