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of <h1>SEBI Requires Winding-Up Mutual Fund Schemes to List on Stock Exchanges for Investor Exit Route.</h1> The Securities and Exchange Board of India (SEBI) mandates that mutual fund schemes undergoing winding up must be listed on recognized stock exchanges, allowing investors an optional exit route. Trading of these units will initially occur in dematerialized form, and asset management companies (AMCs) must facilitate the transfer of units held as Statement of Account or unit certificates. Stock exchanges, in consultation with SEBI, will establish detailed trading and settlement procedures. AMCs, their sponsors, and employees are prohibited from trading these units. This directive is effective immediately, with exchanges required to submit operational plans to SEBI within seven days.
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