Circular No. SEBI/HO/IMD/PoD2/P/CIR/2024/183, Dated 31.12.2024
SEBI has introduced the MF Lite framework for passively managed Mutual Fund schemes to ease entry, reduce compliance costs, and foster innovation. The MF Lite framework applies to passive schemes such as Gold ETFs, Silver ETFs, and Fund of Funds (FoFs) investing solely in Gold or Silver ETFs. It also covers Overseas ETFs and FoFs based on a single underlying overseas passive fund, as well as passive funds tracking domestic equity indices with a collective AUM of INR 5,000 Cr or more.
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