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<h1>SEBI Mandates Digital Submission of Mutual Fund Offer Documents Starting May 2023; No More Physical Copies Needed.</h1> The Securities and Exchange Board of India (SEBI) has updated the requirements for mutual funds regarding the filing of offer documents. Effective May 1, 2023, Asset Management Companies (AMCs) must submit final offer documents, including the Scheme Information Document (SID) and Key Information Memorandum (KIM), digitally via email at least two working days before launching a scheme. This change eliminates the need for physical document submission, aligning with SEBI's go-green initiative. Additionally, new fund offers must be open for subscription for a minimum of three working days. Other provisions from the previous circular remain unchanged.