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of <h1>SEBI Amends Mutual Funds Regulations: Key Changes to Communication, Exit Options, and Investment Limits for Unitholders.</h1> The Securities and Exchange Board of India (SEBI) issued the Second Amendment to the Mutual Funds Regulations, 2000, effective upon publication in the Official Gazette. Key changes include the removal of sub-clause (d) in regulation 18 and the addition of sub-regulation (15A), requiring written communication and advertisements for changes affecting unitholders, who must be given exit options at current Net Asset Value without exit load. Regulation 22 mandates prior approval for changes in asset management company control, with similar communication and exit provisions. Regulation 43 and the Seventh Schedule were also amended to adjust investment limits and conditions.
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