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<h1>Regulation 49V Governs Specialized Investment Funds Under SEBI Mutual Funds Regulations 1996, Effective April 1, 2025.</h1> The provisions outlined in Regulation 49V of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, apply specifically to Specialized Investment Funds. These provisions, along with other applicable regulations, guidelines, and circulars, govern the operations of such funds, including the investment strategies they launch, and the roles of trustees and asset management companies. However, exceptions are made when specific provisions are detailed within this chapter. These regulations were inserted by a notification effective from April 1, 2025.