Master Circular consolidates mutual fund rules on offer documents, scheme categorisation, risk management, disclosures and governance. SEBI's Master Circular consolidates operative mutual fund circulars, prescribing comprehensive requirements for offer documentation (SID/SAI/KIM) filings and updates, scheme categorisation and minimum allocations, uniform product and plan structures including Direct Plans, risk management and stress testing protocols, rules for creation and governance of segregated portfolios after issuer-level credit events, redemption restriction conditions in systemic crises, extensive disclosure and reporting obligations (portfolio, AUM, performance benchmarked to TRI, CTRs, MCR, NSR), governance and conduct norms for trustees, AMCs, auditors and intermediaries, and technology, cyber security and AI/ML reporting obligations.
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Provisions expressly mentioned in the judgment/order text.
Master Circular consolidates mutual fund rules on offer documents, scheme categorisation, risk management, disclosures and governance.
SEBI's Master Circular consolidates operative mutual fund circulars, prescribing comprehensive requirements for offer documentation (SID/SAI/KIM) filings and updates, scheme categorisation and minimum allocations, uniform product and plan structures including Direct Plans, risk management and stress testing protocols, rules for creation and governance of segregated portfolios after issuer-level credit events, redemption restriction conditions in systemic crises, extensive disclosure and reporting obligations (portfolio, AUM, performance benchmarked to TRI, CTRs, MCR, NSR), governance and conduct norms for trustees, AMCs, auditors and intermediaries, and technology, cyber security and AI/ML reporting obligations.
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