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    <title>Master Circular for Mutual Funds</title>
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    <description>SEBI issues a consolidated Master Circular for Mutual Funds effective from its issuance date, rescinding earlier circulars while preserving prior actions. It prescribes uniform requirements for SID/SAI/KIM filings, scheme categorization and benchmarks, standardizes offer and rebalancing procedures, and sets minimum AUM/NFO norms. The circular mandates a Risk Management Framework, stress testing, internal credit assessment, cybersecurity and systems audit, permits creation of segregated portfolios on specified credit events with valuation and disclosure rules, and establishes swing pricing, liquidity and ETF/GOLD/SILVER product specific norms alongside investor protection, two factor authentication and reporting obligations.</description>
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    <pubDate>Fri, 19 May 2023 00:00:00 +0530</pubDate>
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