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of <h1>Close-ended mutual fund schemes must be listed on stock exchanges as per SEBI Regulations, 1996, with revised exceptions.</h1> Under the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, every close-ended mutual fund scheme, excluding equity-linked savings schemes, must be listed on a recognized stock exchange within a timeframe specified by the Board. Previously, listing was not mandatory if the scheme offered periodic repurchase facilities, catered to special classes like senior citizens, or was a capital protection-oriented scheme, among other conditions. These provisions were amended in 2009 and further revised in 2021, altering the mandatory listing requirements and exceptions for certain schemes.
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