Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>SEBI Amends Mutual Funds Regulations: New Rules for Gold Exchange Traded Funds Effective January 2006.</h1> The Securities and Exchange Board of India (SEBI) issued amendments to the Mutual Funds Regulations, 1996, effective January 12, 2006. These amendments introduce provisions for gold exchange traded fund schemes, defining them as mutual fund schemes investing primarily in gold or related instruments. Custodial provisions allow banks registered with SEBI to hold these assets. Investment objectives now include gold and related instruments, with specific restrictions for gold exchange traded funds, such as a cap on initial issue expenses and the requirement to invest primarily in gold. Additional provisions address recurring expenses related to gold storage and handling for these funds.