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of <h1>SEBI Updates Rules: Mutual Funds Can Now Trade Derivatives Without Majority Consent, Must Offer 30-Day Exit Option.</h1> The Securities and Exchange Board of India (SEBI) has amended the requirements for mutual funds investing in derivatives. Previously, mutual funds whose Scheme Information Documents (SIDs) did not include derivatives had to obtain positive consent from a majority of unit holders before investing. Due to logistical challenges, this requirement is removed. Instead, all investors in such schemes must be offered a 30-day exit option without exit load before derivatives trading begins. This change aligns with guidelines for altering fundamental scheme attributes. The circular is effective immediately, ensuring investor protection and market regulation.
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