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<h1>SEBI Amends Mutual Funds Regulations: Changes to Regulations 33, 45, 49, 52, and New Regulation 52A Effective Now.</h1> The Securities and Exchange Board of India (SEBI) has issued the Second Amendment to the Mutual Funds Regulations, 1996, effective from its publication date. Key amendments include changes to regulation 33, adding a clause for the full amortization of initial issue expenses. Regulation 45 now permits mutual funds to engage in derivatives transactions on recognized stock exchanges under specified guidelines. Regulation 49 prohibits entry loads for close-ended schemes post-amendment. Regulation 52 limits initial expenses for launching close-ended schemes to six percent of initial resources. A new regulation, 52A, allows mutual funds to declare dividends per the offer document and board guidelines.