The Securities and Exchange Board of India (SEBI) on July 02, 2024, issued the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2024 to further amend the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996.
The following has been stated namely: -
• In the Seventh Schedule which states “Restrictions on investments” in clause 9, in sub-clause (c) the following has been amended namely: -
after the figure and words “25 percent of the net assets” the words “except for investments by equity-oriented exchange-traded funds and index funds and subject to such conditions as may be specified by the Board” shall be inserted.
[Notification No. SEBI/LAD-NRO/GN/2024/188]
