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<h1>SEBI Amends Mutual Funds Regulations: Faster Payouts to Unitholders, Interest on Delays, and Stricter Compliance Rules.</h1> The Securities and Exchange Board of India (SEBI) issued the Mutual Funds (Third Amendment) Regulations, 2022, effective 60 days post-publication in the Official Gazette. The amendment revises Regulation 53, mandating mutual funds and asset management companies to transfer dividend and redemption proceeds to unitholders within a Board-specified period. Failure to comply requires the payment of interest to unitholders, with potential further action against the asset management company. Physical dispatch of proceeds is allowed only in exceptional cases, with records maintained. This amendment continues the evolution of the Mutual Funds Regulations, originally established in 1996.