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<h1>SEBI Amends Mutual Funds Regulations: Fund of Funds Must Adopt Specified Expense Structures Per Regulation 52(6)(a.</h1> The circular issued by the Securities and Exchange Board of India (SEBI) on August 6, 2010, outlines amendments to the SEBI (Mutual Funds) Regulations, 1996. It mandates that mutual fund schemes, specifically Fund of Funds, must adopt one of the total expense structures specified in Regulation 52(6)(a). Existing schemes as of July 29, 2010, must obtain trustee approval to adopt these structures and provide unitholders an exit option per Regulation 18(15A). This directive is issued under the authority granted by the SEBI Act, 1992, to protect investor interests and enhance securities market regulation.