SEBI amends the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996

SEBI has revised the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996. These changes introduce new asset classes, easing regulations for passive mutual funds and implementing stricter compliance measures for fund managers. The changes also include the use of AI tools and new qualification requirements. Additionally, mutual fund units are now covered under the Prohibition of Insider Trading (PIT) regulations. Overall, these measures aim to make the mutual fund sector more investor-friendly and efficient.