The Securities and Exchange Board of India (SEBI), on January 16, 2026, issued the Securities and Exchange Board of India (Mutual Funds) Regulations, 2026.
The following has been stated:
• “accredited investor” shall have the same meaning as assigned to it in clause (ab) of sub- regulation (1) of regulation 2 of the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012;
• “advertisement” shall include any communication issued by or on behalf of the mutual fund or asset management company that may influence the investment decision of any investor or prospective investor;
• “asset management company” means a company incorporated under the Companies Act 1956 (1 of 1956) or Companies Act, 2013 (18 of 2013) and approved by the Board under regulation 18;
• “broker” means a stockbroker as defined in the Securities and Exchange Board of India (Stock Brokers) Regulations, 2026;
• “close-ended scheme” means any scheme of a mutual fund in which the period of maturity of the scheme is specified;
• Corporate Debt Market Development Fund shall have the same meaning assigned to it under clause (ga) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012;
It will come into effect from April 01, 2026.
Please refer to the document attached below for more details.
[Notification F.No. SEBI/LAD-NRO/GN/2026/294]
