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<h1>SEBI Eases Rules for Fund Managers: Optional Dedicated Managers for Commodity and Overseas Investments with Experience Required.</h1> The Securities and Exchange Board of India (SEBI) has issued a circular to mutual funds, asset management companies, and trustees to ease the business process for fund managers handling mutual fund schemes investing in commodities and overseas securities. SEBI has decided that appointing a dedicated fund manager for commodity-based funds and overseas investments is optional, provided the appointed manager has adequate expertise and experience. The boards of asset management companies must ensure compliance and report periodically to trustees. This decision modifies specific clauses from the Master Circular for Mutual Funds dated May 19, 2023.