SEBI unveils MF Lite framework to simplify compliance for passive mutual funds

SEBI (Securities and Exchange Board of India) has introduced a new framework called the "MF Lite" to simplify compliance for passive mutual funds. This move is designed to streamline the regulatory process for funds that follow a passive investment strategy, such as index funds. The framework is expected to reduce the compliance burden, making it easier for fund managers to manage passive funds. With growing investor interest in low-cost, passive investment products, SEBI's new initiative is aimed at promoting greater transparency and efficiency in the mutual fund industry.