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of <h1>SEBI's New Rules for Mutual Funds: Shorter Offer Period, Standardized Disclosures, and Streamlined Investment Approvals.</h1> The Mutual Fund Advisory Committee has issued guidelines for mutual funds registered with SEBI, mandating several changes. The initial offer period for open-ended schemes is reduced to 30 days, with account statements dispatched within the same timeframe. A standardized format for half-yearly portfolio disclosures is introduced. Unclaimed redemption amounts should be invested in money market instruments, with income used for investor education. Annual reports of AMCs must be accessible online. Expenses chargeable to schemes are specified, excluding certain costs like penalties. Approval processes for investing in unrated debt instruments are streamlined, requiring committee oversight and adherence to approved parameters.
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