Alerts & Updates 3rd Nov 2025
SEBI has issued a consultation paper dated October 28, 2025 that proposes a comprehensive rewrite of the SEBI (Mutual Funds) Regulations, 1996 to simplify language, remove redundancies, clarify ambiguities, and align the framework with three decades of market evolution, technological change, and accumulated circulars/guidance that have made the rulebook voluminous and complex.
While a comprehensive review of the MF Regulations has been initiated, proposals made on two specific past consultations, one on permissible business activities for an AMC and the other on Total Expense Ratio, which had been initiated earlier, have been included in the current set of proposals.
In our update, we have analyzed SEBI’s proposals and their impact on the mutual fund industry.
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