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    <title>Plans to make mutual fund rules more investor and industry friendly: SEBI official</title>
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    <description>A comprehensive regulatory review of the mutual fund framework is underway to simplify rules, enhance ease of doing business, and strengthen investor protection. The regulator will issue draft regulations for stakeholder feedback and is preparing a consultation paper on advisory functions. Reforms under review include scheme categorisation, disclosure requirements including stress test disclosures for mid and small cap funds, and process streamlining within a disclosure based regulatory model.</description>
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