Master Circular for Mutual Funds

SEBI has issued Master Circular for Mutual Funds. The master circular provides revised format for SID, KIM and SAI which shall be adopted as under:

1. Updated format for SID/KIM/SAI to be implemented w.e.f. June 01, 2024.
2. Draft SIDs to be filed with SEBI on or before May 31, 2024 or SIDs already filed with SEBI (final observations yet to be issued) or SIDs for which the final observations have already been received from SEBI (if launched on or before May 31, 2024), can use the old format of SID.
3. For Existing SIDs –by June 30, 2024 with data as on May 31, 2024.
4. In order to avoid duplication of efforts of AMCs as well as to ensure uniform implementation of revised formats, the scheduled updation of SID and KIM for half year ended March 31, 2024, may be carried out by AMCs by June 30, 2024. This extension shall be applicable specifically for half year ended March 31, 2024 only.
5. All updated/revised SIDs shall be made available on the website of SEBI/AMFI/AMCs within the specified timelines.