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of <h1>SEBI Amends Mutual Fund Rules: Caps Fees for Index Funds, Allows Short Selling & Securities Lending.</h1> The Securities and Exchange Board of India (SEBI) issued a circular concerning amendments to mutual fund regulations, specifically regarding index fund schemes and short selling. The circular mandates a reduction in expenses and advisory fees for index fund schemes, including exchange-traded funds, capping investment and advisory fees at 0.75% and total expenses at 1.5% of weekly average net assets. It also introduces provisions allowing mutual funds to engage in short selling and securities lending and borrowing, subject to a future framework. These amendments will take effect following further notification by SEBI. The circular is issued under SEBI's regulatory powers.
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