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of <h1>SEBI Amends Mutual Funds Regulations: AMCs Must Email Annual Reports, Offer Physical Copies on Request, Effective October 2011.</h1> The circular issued by SEBI details amendments to the SEBI (Mutual Funds) Regulations, 1996. It mandates that Asset Management Companies (AMCs) send annual reports or abridged summaries via email to unitholders with registered email addresses, while physical copies must be provided upon request. AMCs are required to continue sending physical copies to those without registered emails. Additionally, AMCs must issue a consolidated account statement for each calendar month to investors with transactions during that period, effective from October 1, 2011. These changes aim to enhance cost-effectiveness and investor protection in the securities market.
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