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of <h1>SEBI Mandates Exit Load from Mutual Funds to Be Credited Back to Scheme per Regulation 51A, Effective October 2012.</h1> The Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, under Regulation 51A, mandates that any exit load charged after the implementation of the SEBI (Mutual Funds) (Second Amendment) Regulations, 2012, must be credited back to the scheme. This amendment took effect on October 1, 2012, ensuring that exit loads benefit the mutual fund scheme rather than being retained by the fund managers or the management company.
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