Service fees for mutual funds revised under amendment regulations, introducing a tiered fee structure and related schedule changes. The amendment substitutes a new clause in the Second Schedule establishing a tiered service fee structure payable by mutual funds linked to net assets as on 31st March and makes the revised structure effective from the financial year 2003-2004; it renumbers certain clauses in the Eighth Schedule, notes that separate enquiry-and-penalty procedure regulations have been notified and appends a footnote listing prior amendments to the principal Mutual Funds Regulations.