https://www.taxtmi.com/highlights?id=77719 SEBI issued a circular to promote ease of doing business for mutual funds investing in commodities and overseas securities. The circular modifies clauses in the Master Circular for Mutual Funds. For commodity-based funds, appointment of a dedicated fund manager is optional, but expertise is required. Similarly, for overseas investments, a dedicated fund manager is optional, with expertise necessary. Boards of AMCs must ensure compliance and reporting to trustees periodically. The circular is issued u/s 11(1) of SEBI Act, 1992, to protect investor interests and regulate the securities market. Contact details for further information are provided. en-us Wed, 22 May 2024 21:10:03 +0530 Wed, 22 May 2024 21:10:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=77719 SEBI issued a circular to promote ease of doing business for mutual funds investing in commodities and overseas securities. The circular modifies clauses in the Master Circular for Mutual Funds. For commodity-based funds, appointment of a dedicated fund manager is optional, but expertise is required. Similarly, for overseas investments, a dedicated fund manager is optional, with expertise necessary. Boards of AMCs must ensure compliance and reporting to trustees periodically. The circular is issued u/s 11(1) of SEBI Act, 1992, to protect investor interests and regulate the securities market. Contact details for further information are provided. Highlights SEBI Wed, 22 May 2024 21:10:03 +0530 https://www.taxtmi.com/highlights?id=77719