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<h1>SEBI Updates Rules: Mutual Funds Can Invest in Venture Capital, New Reporting and Disclosure Timelines Set.</h1> The circular addresses mutual funds registered with the Securities and Exchange Board of India (SEBI), highlighting key regulatory updates. Mutual fund schemes are permitted to invest up to specified limits in venture capital funds and companies, both listed and unlisted. It mandates mutual funds to pay volatility margins on equity sales, except where early pay-in is effected. Amendments to the SEBI (Mutual Funds) Regulations, 1996 include changes to reporting requirements for directors of Asset Management Companies, reduced timelines for certain disclosures, and detailed presentation of half-yearly financial results. These regulations came into effect upon publication in the official gazette.