S.O.No.856(E) In exercise of the powers conferred by section 30 read with clause (c) of sub-section (2) of section 11 of the Securities and Exchange Board of India, Act 1992, (15 of 1992) the Securities and Exchange Board of India hereby makes the following regulations.

IMPORTANT NOTE :

SEBI (Mutual Funds) Regulations, 1996 has been subsequently amended by the SEBI (Mutual Funds) Amendment Regulations, 1997, published in Gazette of India dated 15.4.97 and the SEBI (Mutual Funds) Amendment Regulations, 1998, published in the Gazette of India dated 12.1.98 and SEBI (Mutual Funds) Regulations, 1999 dated December 8, 1999.

Changes brought about by the above amendments have been incorporated under the relevant Regulation/ Schedule and appear in bold italics. All amendments incorporated pertain to the January 1998 amendment except where a specific reference to the April 1997 amendment is made. Wherever a new clause/ part of a clause has been substituted/ deleted by the amendment, the original clause/ part of the clause which has been substituted/ deleted appears in italics within brackets [ ].

• CHAPTER I (Preliminary)
• CHAPTER II (Registration Of Mutual Fund)
• CHAPTER III (Constitution And Management Of Mutual Fund And Operation Of Trustees, Etc.)
• CHAPTER IV (Constitution And Management Of Asset Management Company And Custodian)
• CHAPTER V (Schemes Of Mutual Fund)
• CHAPTER VI (Investment Objectives And Valuation Policies)
• CHAPTER VII (General Obligations)
• CHAPTER VIII (Inspection And Audit)
• CHAPTER IX (Procedure For Action In Case Of Default)
• CHAPTER X (Miscellaneous)
• SCHEDULE I
• Form A - Application for the Grant of Registration of Mutual Fund
• Form B - Certificate of Registration
• Form C - Trusteeship of the Mutual Fund
• Form D - Asset Management Company
• SCHEDULE II (Fees)
• SCHEDULE III (Contents of the Trust Deed)
• SCHEDULE IV (Contents of the Investment Agreement)
• SCHEDULE V (Code of Conduct)
• SCHEDULE VI (Advertisement Code)
• SCHEDULE VII (Restrictions on Investments)
• SCHEDULE VIII (Investment Valuation Norms)
• SCHEDULE IX (Accounting Policies and Standards)
• SCHEDULE X (Initial Issue Expenses)
• SCHEDULE XI (Annual Report)
• SCHEDULE XII (Half YearlyFinancial Results)