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of <h1>SEBI Sets Eligibility Criteria for Mutual Fund Registration: Track Record, Capitalization, and Experienced Management Required</h1> The Securities and Exchange Board of India (SEBI) outlines the eligibility criteria for granting a certificate of registration to mutual funds. The sponsor must have a sound track record, including a minimum of five years in financial services, positive net worth, and net profits for the past five years. If these are not met, the sponsor must capitalize the asset management company with at least 150 crore rupees, lock in shares for five years, and appoint experienced personnel. The applicant must be deemed fit and proper, and the mutual fund must be a trust with approved trustees, an asset management company, and a custodian for asset management.
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