https://www.taxtmi.com/highlights?id=84480 SEBI introduced a new framework for Mutual Fund Lite (MF Lite) schemes, allowing launch of passive funds tracking specified equity and debt indices. Key provisions include sponsor lock-in, networth and compliance requirements for MF Lite AMCs. Existing AMCs can hive off passive schemes to a separate MF Lite entity. Simplified disclosures, reduced trustee oversight, and relaxations in certain norms are permitted for passive schemes. Hybrid passive funds investing in equity and debt indices, close-ended debt passive funds based on target maturity indices, and disclosure of debt index replication factor are also introduced. en-us Wed, 01 Jan 2025 18:15:13 +0530 Wed, 01 Jan 2025 18:15:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=84480 SEBI introduced a new framework for Mutual Fund Lite (MF Lite) schemes, allowing launch of passive funds tracking specified equity and debt indices. Key provisions include sponsor lock-in, networth and compliance requirements for MF Lite AMCs. Existing AMCs can hive off passive schemes to a separate MF Lite entity. Simplified disclosures, reduced trustee oversight, and relaxations in certain norms are permitted for passive schemes. Hybrid passive funds investing in equity and debt indices, close-ended debt passive funds based on target maturity indices, and disclosure of debt index replication factor are also introduced. Highlights SEBI Wed, 01 Jan 2025 18:15:13 +0530 https://www.taxtmi.com/highlights?id=84480