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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

SEBI issues Securities and Exchange Board of India (Mutual Funds) Regulations, 2026

13-Jan-2026 | SEBI/LAD-NRO/GN/2026/294

SEBI has issued the Securities and Exchange Board of India (Mutual Funds) Regulations, 2026, which shall come into effect from 01 April 2026.

The key highlights of the Regulations are as follows:

1. The application for registration of a mutual fund shall be submitted by the Sponsor to SEBI along with a non-refundable fee, as specified in the First Schedule.

2. Mutual funds shall be constituted in the form of a trust by executing a trust deed, duly registered under the provisions of the Registration Act, 1908, by the Sponsor in favour of the Trustee named therein.

3. The Trustee shall appoint a custodian for the mutual fund by entering into a custodian agreement for providing custodial services to the schemes of the fund, including the safekeeping of scheme assets.

4. The Asset Management Company is required to establish and implement a documented Whistle Blower Policy, providing a confidential mechanism for employees, directors, trustees, and other stakeholders to report concerns relating to suspected fraudulent, unfair, or unethical practices, as well as violations of regulatory or legal requirements.

5. Every mutual fund or Asset Management Company shall submit an annual report for its schemes, in the format specified in the Ninth Schedule, along with the auditor?s report.

6. The Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 shall stand repealed with effect from the date of commencement of these Regulations, i.e., 01 April 2026.

Please refer to the attached document for further details.

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