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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>SEBI Amends Mutual Funds Regulations: Defines Index Fund Scheme, Caps Fees, Allows Securities Lending, Derivatives, Short Selling.</h1> The Securities and Exchange Board of India (SEBI) issued the Mutual Funds (Second Amendment) Regulations, 2007, amending the 1996 regulations. Key changes include defining an 'index fund scheme' as a mutual fund investing in securities mirroring an index. Mutual funds can now engage in securities lending and borrowing, derivatives, and short selling under specified frameworks. For index fund schemes, investment and advisory fees are capped at 0.75% of weekly average net assets, while total expenses cannot exceed 1.5%. Mutual funds must conduct buy and sell transactions based on deliveries, with provisions for short selling and derivatives transactions.
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