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of <h1>SEBI Releases Updated Master Circular for Mutual Funds, Incorporates COVID-19 Compliance Relaxations, Supersedes 2018 Version.</h1> The Securities and Exchange Board of India (SEBI) has issued a Master Circular for Mutual Funds to consolidate all applicable circulars for the industry as of March 31, 2020. This document supersedes the previous Master Circular from July 10, 2018, and includes temporary COVID-19 related compliance relaxations detailed in a March 23, 2020 circular. In cases of inconsistency, the specific circulars will take precedence over the Master Circular. The circular aims to streamline access to regulatory information for mutual funds, asset management companies, trustees, and related entities.
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