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of <h1>SEBI Circular: New Fees for Mutual Fund Offers and Short-Term Bank Deposits Permitted Under Mutual Funds Regulations.</h1> The circular issued by the Securities and Exchange Board of India (SEBI) on June 11, 2007, addresses amendments to the Mutual Funds Regulations, 1996. It specifies filing fees for offer documents at 0.03% of the amount raised in a new fund offer, with a minimum of one lakh rupees and a maximum of one crore rupees. Additionally, the circular allows mutual funds to invest in short-term deposits of scheduled commercial banks pending the deployment of funds according to investment objectives. This circular is issued under the powers conferred by the SEBI Act, 1992, and is available on SEBI's website.
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