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<h1>SEBI Mandates New Risk Management Framework for Mutual Funds to Enhance Investor Protection and Service Standards.</h1> The Securities and Exchange Board of India (SEBI) issued a circular to all mutual funds, asset management companies (AMCs), and associated entities to establish a revised Risk Management Framework (RMF) for mutual funds. This framework aims to enhance service standards, diligence, and investor protection. The RMF outlines mandatory and recommendatory elements, covering governance, risk identification, measurement, management, and reporting. AMCs must perform self-assessments and submit reports to their boards, ensuring compliance by January 1, 2022. The framework also mandates annual reviews, with findings reported to SEBI. It includes guidelines for managing key risks in investment, credit, liquidity, operations, and compliance.