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    <title>Addendum to SEBI Circular on Development of Passive Funds</title>
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    <description>The addendum announces that clause 2(IV)(A) of the earlier circular on development of passive funds will be made applicable from the revised implementation date, following stakeholder feedback; the circular is issued under the regulator&#039;s statutory powers to protect investors and to regulate and develop the securities market under the mutual fund regulation provision cited.</description>
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      <description>The addendum announces that clause 2(IV)(A) of the earlier circular on development of passive funds will be made applicable from the revised implementation date, following stakeholder feedback; the circular is issued under the regulator&#039;s statutory powers to protect investors and to regulate and develop the securities market under the mutual fund regulation provision cited.</description>
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