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SEBI Circular Simplifies Mutual Fund Scheme Info Documents; New Format Mandatory from June 2024, Drafts Due May 31.

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....The circular issued by the Securities and Exchange Board of India (SEBI) on March 12, 2024, addresses the need for simplification and streamlining of Scheme Information Documents (SIDs) for mutual fund schemes. It extends the timelines for implementing the revised SID format, with the updated format to be applicable from June 01, 2024. Draft SIDs are required to be filed with SEBI by May 31, 2024, and existing SIDs must be updated with data as of May 31, 2024, by June 30, 2024.....

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