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of <h1>SEBI Allows Mutual Funds to Invest in Commodity Derivatives, Excluding Sensitive Commodities, with New Guidelines and Limits.</h1> The Securities and Exchange Board of India (SEBI) issued a circular permitting mutual funds to participate in Exchange Traded Commodity Derivatives (ETCDs), excluding sensitive commodities. Mutual funds can invest through hybrid schemes and Gold ETFs, with specific investment limits and conditions. Gold ETFs can invest up to 50% of their net asset value in gold-related instruments. Mutual funds must appoint a dedicated fund manager, adhere to valuation policies, and comply with disclosure requirements. Existing schemes must notify unitholders of changes, allowing them to exit without charges. The circular aims to enhance institutional participation in the commodity derivatives market.
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