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<h1>SEBI Issues Guidelines on Instant Access Facility and E-Wallet Use for Mutual Fund Investments.</h1> The circular issued by SEBI outlines guidelines for the Instant Access Facility (IAF) and the use of e-wallets for mutual fund investments. IAF allows same-day credit of redemption proceeds for resident individual investors, with specific conditions on NAV application, scheme eligibility, and monetary limits. MFs/AMCs must ensure liquidity without borrowing and disclose IAF terms clearly. For e-wallet investments, compliance with regulations is required, including a subscription limit of INR 50,000 per financial year. E-wallets must not offer incentives for MF investments, and only funds loaded through specific methods can be used. The circular is effective immediately.