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<h1>SEBI Mandates ASBA Facility for All New Fund Offers by Mutual Funds and AMCs Effective October 1, 2010.</h1> The Securities and Exchange Board of India (SEBI) has issued a circular mandating Mutual Funds and Asset Management Companies (AMCs) to provide the Applications Supported by Blocked Amount (ASBA) facility to investors for all New Fund Offers (NFOs) launched on or after October 1, 2010. This modifies an earlier directive which required the ASBA facility for NFOs from July 1, 2010. The circular is issued under the authority of the SEBI Act, 1992, to protect investor interests and regulate the securities market.