AMCs need to upload draft SIDs for only 8 days for public comments before launching new MF schemes.

SEBI has modified the requirement for AMCs to upload draft Scheme Information Documents (SIDs) on SEBI's website. Previously, draft SIDs had to be uploaded for 21 working days to receive public comments. Now, SIDs on which SEBI has issued observations must be uploaded for at least 8 working days for public comments. After this, AMCs can launch the scheme and file final offer documents as per existing regulations. The relevant clauses in SEBI's Master Circular on Mutual Funds have been amended accordingly. This change streamlines the process for launching new mutual fund schemes. .....

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