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of <h1>SEBI Revises Timelines for Mutual Fund Scheme Document Updates; COVID-19 Extension Granted Until May 31, 2021.</h1> SEBI has revised the timelines for updating the Scheme Information Document (SID) and Key Information Memorandum (KIM) for mutual fund schemes. For open-ended and interval schemes, the SID must be updated within six months from the end of the financial half-year when the schemes were launched, and subsequently within one month from each half-year's end. The KIM must be updated at least every half-year, within one month from the end of September and March. Due to COVID-19 challenges, the update for the half-year ended March 2021 is extended to May 31, 2021. This directive aims to protect investor interests and regulate the securities market.
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