https://www.taxtmi.com/circulars?id=57932 SEBI's Master Circular (as at Sept 14, 2016) consolidates mutual fund regulation: SIDs/SAIs and KIM formats, filing and update procedures, timelines and SEBI observation validity; governance rules including independent trustees, audit/valuation committees and systems audits; mandatory disclosures and reporting (monthly portfolios, half yearly financials, trustee reports, remuneration, distributor commission); operational rules on NFO periods, direct plans, single plan expense structures, minimum AUM and investor concentration limits; constrained conditions and procedures for imposing restriction on redemption; and standardised valuation, NAV publication and risk management/stress testing requirements. en-us Wed, 14 Sep 2016 00:00:00 +0530 Wed, 11 Feb 2026 15:57:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57932 SEBI's Master Circular (as at Sept 14, 2016) consolidates mutual fund regulation: SIDs/SAIs and KIM formats, filing and update procedures, timelines and SEBI observation validity; governance rules including independent trustees, audit/valuation committees and systems audits; mandatory disclosures and reporting (monthly portfolios, half yearly financials, trustee reports, remuneration, distributor commission); operational rules on NFO periods, direct plans, single plan expense structures, minimum AUM and investor concentration limits; constrained conditions and procedures for imposing restriction on redemption; and standardised valuation, NAV publication and risk management/stress testing requirements. Circulars SEBI Wed, 14 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57932