Dated: September 14, 2016
All Mutual Funds, Asset Management Companies (AMCs)
and Association of Mutual Funds in India (AMFI)
Dear Sir/ Madam,
Sub: Master Circular for Mutual Funds
For effective regulation of the Mutual Fund Industry, Securities and Exchange Board of India (SEBI) has been issuing various circulars from time to time. In order to enable the industry and other users to have an access to all the applicable circulars at one place, Master Circular for Mutual Funds has been prepared.
This Master Circular is a compilation of all the circulars issued by SEBI on the above subject, which are operational as on date of this circular
This Master Circular shall supersede the previous Master Circular CIR/IMD/DF/18/2014 dated October 01, 2014.
Deputy General Manager
MASTER CIRCULAR FOR MUTUAL FUNDS
SECURITIES AND EXCHANGE BOARD OF INDIA
1. This Master Circular includes circulars issued upto September 14, 2016.
2. In case of any inconsistency between the master circular and the applicable circulars, the contents of the relevant circular shall prevail.
3. Master Circular is a compilation of all the existing/applicable circulars issued by Investment Management Department of SEBI to Mutual Funds. Efforts have been made to incorporate certain applicable provisions of existing circulars (as on date ) issued by other Departments/Divisions of SEBI relevant to Mutual Funds.