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<h1>SEBI Mutual Fund Launch Rules: Trustee Approval, Filing Fees, Sponsor Investment Amendments in Regulation 28, 1996.</h1> Regulation 28 of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 outlines the procedure for launching mutual fund schemes. An asset management company must obtain trustee approval and file the offer document with SEBI before launching any scheme. A minimum filing fee, as specified in the Second Schedule, must be paid upon filing, with the balance fee paid within a timeframe specified by SEBI. Amendments have adjusted requirements for investment by sponsors or asset management companies, including specific investment percentages and conditions on redemption, with certain provisions not applying to close-ended schemes.