{"id":6071,"date":"2019-08-26T19:00:59","date_gmt":"2019-08-26T13:30:59","guid":{"rendered":"https:\/\/swaritadvisors.com\/learning\/?p=6071"},"modified":"2020-04-18T15:37:45","modified_gmt":"2020-04-18T10:07:45","slug":"how-to-register-a-mutual-fund-with-sebi","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/learning\/how-to-register-a-mutual-fund-with-sebi\/","title":{"rendered":"How to Register a Mutual Fund with SEBI"},"content":{"rendered":"\n<p class=\"has-drop-cap\">To register a mutual fund in India, you require approval from SEBI. The Securities and Exchange Board of India (SEBI) is a body that controls and regulates the securities market. Hence, if you are thinking of how to start your own mutual fund in India, you should approach SEBI and seek its permission first.<\/p>\n\n\n\n<p>As per our research, we found that the <strong>Mutual Fund<\/strong> Industry in India is really doing well. In comparison to the year 2009, the AUM of the mutual fund industry experienced an increase of 3 \u00bd fold by 2019. We will discuss the same in the blog later. Hence, one thing is quite evident that the Indian Mutual Fund industry is growing at an excellent pace. <\/p>\n\n\n\n<p>Therefore,\nif anybody is wandering to start a mutual fund in India, we must appreciate\nhis\/her idea. In this blog, we have described how one can register a mutual\nfund, its eligibility criteria, and more. But let us first understand what\nmutual fund really means. <\/p>\n\n\n\n<div class=\"browse\">\n<p>Browse through our articles on services provided at <a href=\"https:\/\/swaritadvisors.com\">Swarit Advisors<\/a>, and just let us know if we can help you with your IPO or Comapny Takeover or SEBI Advisory Services.<\/p>\n<div class=\"browse1\">\n<table class=\"table1\">\n\n<tbody>\n<tr>\n<td><a href=\"https:\/\/swaritadvisors.com\/mergers-and-acquisitions\"><span>Mergers and Acquisitions<\/a>&nbsp;<\/span><\/td>\n<td><a href=\"https:\/\/swaritadvisors.com\/buyback-of-shares\"><span>Buyback of Shares<\/span><\/a><\/td>\n<td><a href=\"https:\/\/swaritadvisors.com\/merger-and-amalgamation\"><span>Merger and Amalgamation<\/span><\/a><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/swaritadvisors.com\/public-issues\"><span>Public Issues<\/span><\/a><\/td>\n<td><a href=\"https:\/\/swaritadvisors.com\/rights-issue\"><span>Rights Issue<\/span><\/a><\/td>\n<td><a href=\"https:\/\/swaritadvisors.com\/preferential-allotment\"><span>Preferential Allotment<\/span><\/a><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/swaritadvisors.com\/company-takeover\"><span>Company Takeover<\/span><\/a><\/td>\n<td><a href=\"https:\/\/swaritadvisors.com\/issue-of-debentures\"><span>Issue of Debentures<\/span><\/a><\/td>\n<td><a href=\"https:\/\/swaritadvisors.com\/insurance-broker-license\"><span>Insurance Broker License<\/span><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/table>\n<\/div>\n<\/div>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3a13bb8d858\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3a13bb8d858\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/learning\/how-to-register-a-mutual-fund-with-sebi\/#An_Overview_of_Mutual_Fund_Industry_in_India\" title=\"An Overview of\nMutual Fund Industry in India\">An Overview of\nMutual Fund Industry in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/learning\/how-to-register-a-mutual-fund-with-sebi\/#What_is_Mutual_Fund\" title=\"What is Mutual\nFund?\">What is Mutual\nFund?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/learning\/how-to-register-a-mutual-fund-with-sebi\/#Types_of_Mutual_Funds_in_India\" title=\"Types of Mutual\nFunds in India\">Types of Mutual\nFunds in India<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/learning\/how-to-register-a-mutual-fund-with-sebi\/#Based_on_Asset_Class\" title=\"Based on Asset\nClass\">Based on Asset\nClass<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/learning\/how-to-register-a-mutual-fund-with-sebi\/#Based_on_Investment_Goals\" title=\"Based on\nInvestment Goals\">Based on\nInvestment Goals<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/swaritadvisors.com\/learning\/how-to-register-a-mutual-fund-with-sebi\/#Based_on_Structure\" title=\"Based on\nStructure \">Based on\nStructure <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/swaritadvisors.com\/learning\/how-to-register-a-mutual-fund-with-sebi\/#Based_on_Risk\" title=\"Based on Risk\">Based on Risk<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/swaritadvisors.com\/learning\/how-to-register-a-mutual-fund-with-sebi\/#Specialized_Mutual_Funds\" title=\"Specialized\nMutual Funds\">Specialized\nMutual Funds<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/swaritadvisors.com\/learning\/how-to-register-a-mutual-fund-with-sebi\/#Eligibility_Criteria_to_Register_a_Mutual_Fund_in_India\" title=\"Eligibility\nCriteria to Register a Mutual Fund in India\">Eligibility\nCriteria to Register a Mutual Fund in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/swaritadvisors.com\/learning\/how-to-register-a-mutual-fund-with-sebi\/#Steps_to_Register_a_Mutual_Fund_with_SEBI\" title=\"Steps to\nRegister a Mutual Fund with SEBI\">Steps to\nRegister a Mutual Fund with SEBI<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/swaritadvisors.com\/learning\/how-to-register-a-mutual-fund-with-sebi\/#Step_1_Filing_of_Form_A\" title=\"Step 1: Filing\nof Form A\">Step 1: Filing\nof Form A<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/swaritadvisors.com\/learning\/how-to-register-a-mutual-fund-with-sebi\/#Step_2_Submission_of_the_Application_Fee\" title=\"Step 2:\nSubmission of the Application Fee\">Step 2:\nSubmission of the Application Fee<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/swaritadvisors.com\/learning\/how-to-register-a-mutual-fund-with-sebi\/#Step_3_Application_to_conform_to_the_requirements\" title=\"Step 3: Application\nto conform to the requirements\">Step 3: Application\nto conform to the requirements<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/swaritadvisors.com\/learning\/how-to-register-a-mutual-fund-with-sebi\/#Step_4_Furnishing_Information\" title=\"Step 4:\nFurnishing Information\">Step 4:\nFurnishing Information<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/swaritadvisors.com\/learning\/how-to-register-a-mutual-fund-with-sebi\/#Step_5_Inspection_of_Application\" title=\"Step 5:\nInspection of Application\">Step 5:\nInspection of Application<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/swaritadvisors.com\/learning\/how-to-register-a-mutual-fund-with-sebi\/#Step_6_The_issuance_of_Certificate_of_Registration\" title=\"Step 6: The\nissuance of Certificate of Registration\">Step 6: The\nissuance of Certificate of Registration<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"An_Overview_of_Mutual_Fund_Industry_in_India\"><\/span>An Overview of\nMutual Fund Industry in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>According to reports of <a href=\"https:\/\/www.amfiindia.com\/indian-mutual\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">the Association of Mutual Funds in India<\/a>, the growth stats of the mutual fund industry in India are quite excellent. We have described the growth statics below:<\/p>\n\n\n\n<ul><li>For the month of July 2019, AAUM (Average Assets Under Management) of Mutual Fund Industry stood at \u20b925, 81,026 crores.<\/li><li>However, AUM (Asset Under Management) stood at \u20b924, 53,626 crores as on July 31, 2019.<\/li><li>On 31<sup>st<\/sup> July 2014, the AUM of the MF industry was recorded to be \u20b910 trillion.<\/li><li>In August 2017, the same was recorded to be more than \u20b920 trillion.<\/li><li>On 31<sup>st<\/sup> July 2009, AUM of the MF industry stood at \u20b97.22 trillion whereas on 31<sup>st<\/sup> July 2019, the same increased to \u20b924.54 trillion. <\/li><li>As per mutual fund parlance, the total number of accounts on July 31, 2019, stood at 8.48 million.<\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2019\/08\/Assest-Unit-management-1024x538.jpg\" alt=\"Mutual Fund Industry Overview\" class=\"wp-image-6085\" width=\"533\" height=\"279\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2019\/08\/Assest-Unit-management-1024x538.jpg 1024w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2019\/08\/Assest-Unit-management-300x158.jpg 300w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2019\/08\/Assest-Unit-management-768x403.jpg 768w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2019\/08\/Assest-Unit-management.jpg 1200w\" sizes=\"(max-width: 533px) 100vw, 533px\" \/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_Mutual_Fund\"><\/span>What is Mutual\nFund?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Mutual\nfund refers to an investment vehicle constructed from a pool of money collected\nfrom a number of investors. The investors in a mutual fund, invest in\nsecurities such as money market instruments, stocks, bonds, liquid assets, debt\nfunds, and other assets.<\/p>\n\n\n\n<p>Just as\nrewards and profits earned during the investment tenure, losses are distributed\nequally among all the investors depending on the proportion of the contribution\nto the financial corpus. <\/p>\n\n\n\n<p>Mutual\nFunds in India are registered with the SEBI- a body accountable for regulating\nsecurity markets. Furthermore, investing in mutual funds is as simple as\nselling or purchasing stocks or bonds online. <\/p>\n\n\n\n<p>Besides,\nthe investors have the choice to sell out their shares whenever they need or\nwant. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Types_of_Mutual_Funds_in_India\"><\/span>Types of Mutual\nFunds in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The\nclassification of mutual funds (MF) in India is done at large. There are\nvarious types of MF. They are as follows:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Based_on_Asset_Class\"><\/span>Based on Asset\nClass<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol><li><strong>Equity\nFunds:<\/strong> These are funds invested in Stocks. Also known\nas Stock Funds.<\/li><li><strong>Debt\nFunds:<\/strong> These invest in fixed-income securities such as\nLiquid Funds, Bonds, Fixed Maturity Plans, securities and treasury bills, etc.<\/li><li><strong>Money\nMarket Funds:<\/strong> Generally, such funds are run by the banks\nor corporations, and government by issuing money market securities such as\nbonds, dated securities, T-bills, etc. <\/li><li><strong>Hybrid\nFunds:<\/strong> Also known as Balanced Funds, it\u2019s a\ncombination of stocks and bonds which bridges the gap between equity &amp; debt\nfunds. <\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Based_on_Investment_Goals\"><\/span>Based on\nInvestment Goals<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol><li><strong>Growth\nFunds: <\/strong>Such funds put a huge part of the investment in\nshares and growth sectors. It&#8217;s mostly suitable for investors having a surplus\nof idle money.<\/li><li><strong>Income\nFunds: <\/strong>These belong to the family of debt mutual funds.\nThe money is distributed in a mix of bonds, certificates of securities and\ndeposits among others.<\/li><li><strong>Liquid\nFunds: <\/strong>The maximum fund one can invest in it is Rs. 10\nlakhs. Additionally, it belongs to the category of debt fund as it invests in\nthe debt market.<\/li><li><strong>Tax-Saving\nfunds: <\/strong>Such mutual funds are best-suited for salaried\nand long-term investors. Equity Linked Saving Scheme (ELSS) serves investors\nwith the double benefit of building wealth. Moreover, it also saves on taxes\nwith the lowest lock-in period of three years only. <\/li><li><strong>Aggressive\nGrowth Funds: <\/strong>These are intended to make steep monetary\ngains.&nbsp; <\/li><li><strong>Capital\nProtection Funds: <\/strong>This form of mutual fund serves\nthe purpose of protecting your principal while earning comparatively smaller\nreturns. <\/li><li><strong>Fixed\nMaturity Funds: <\/strong>These bring down the tax burden on the\ninvestors investing in securities, bonds, money market, etc.<\/li><li><strong>Pension\nFunds: <\/strong>In this, the applicant puts a part of his\/her\nincome in a chosen Pension Fund. This is to accrue over a long period. <\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Based_on_Structure\"><\/span>Based on\nStructure <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol><li><strong>Open-ended Funds: <\/strong>Such\nfunds aren&#8217;t constrained in a number of units or time-period. Furthermore, the\ninvestor has the choice to trade funds at his own convenience and exit when\nthey want at the NAV (Net Asset Value).<\/li><li><strong>Close-ended Funds: <\/strong>The\nunit capital to invest is fixed beforehand. Hence, one cannot sell more than a\npre-agreed number of units.<\/li><li><strong>Interval Funds: <\/strong>Such\na mutual fund has traits of both open and closed-ended funds. No transaction is\npermitted for at least two years.<\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Based_on_Risk\"><\/span>Based on Risk<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol><li><strong>Very Low-Risk Funds: <\/strong>Such\nfunds may be used to fulfill short-term financial goals and keep the investor&#8217;s\nmoney safe while returns are low.<\/li><li><strong>Low-Risk Funds: <\/strong>Investors\nput their money in either one or the combination of liquid, arbitrage or\nultra-short-term funds. <\/li><li><strong>Medium-Risk Funds: <\/strong>Since\nthe manager invests a part in debt and the rest in equity funds, therefore, the\nrisk factor is of medium level. <\/li><li><strong>High-Risk Funds: <\/strong>Recommended\nfor investors without any risk of aversion and those who seek high returns in\nthe form of dividends and interest, etc.<\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Specialized_Mutual_Funds\"><\/span>Specialized\nMutual Funds<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>These\ninclude sector funds, index funds, funds of funds, emerging market funds, and\nasset allocation funds.&nbsp; <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Eligibility_Criteria_to_Register_a_Mutual_Fund_in_India\"><\/span>Eligibility\nCriteria to Register a Mutual Fund in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As per <a href=\"https:\/\/www.sebi.gov.in\/sebi_data\/commondocs\/mutualfundupdated06may2014.pdf\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">Regulation 7 of SEBI (Mutual Funds) Regulations, 1996<\/a>, the applicant seeking mutual fund registration needs to satisfy the following criteria:<\/p>\n\n\n\n<ul><li>The sponsor must hold a sound\ntrack record, integrity, and general reputation of fairness in all his business\ntransactions. <\/li><\/ul>\n\n\n\n<p style=\"padding-left: 30px;\"><strong>Explanation<\/strong> : For the purposes of this clause \u201csound track record\u201d shall mean the sponsor should<\/p>\n<p style=\"padding-left: 40px;\">\u2022 Be carrying on business in financial services for a period of not less than five years; and<\/p>\n<p style=\"padding-left: 40px;\">\u2022 The net worth is positive in all the immediately preceding five years; and<\/p>\n<p style=\"padding-left: 40px;\">\u2022 The net worth in the immediately preceding year is more than the capital<\/p>\n<p style=\"padding-left: 40px;\">\u2022 Contribution of the sponsor in the asset management company; and<\/p>\n<p style=\"padding-left: 40px;\">\u2022 The sponsor has profits after providing for depreciation, interest, and tax in three out of the immediately preceding five years, including the fifth year.<\/p>\n\n\n\n<ul><li>In the case, it\u2019s an existing mutual fund; it must be in the form of a trust. Furthermore, the trust deed must be approved by the Board.<\/li><li>Moreover, the contributor should have contributed or contributes at least 40% to the net worth of the asset management company:<\/li><\/ul>\n\n\n\n<p style=\"padding-left: 30px;\"><strong>Provided&nbsp;:&nbsp;<\/strong>any person who holds 40% or more of the net worth of an asset management company shall be deemed to be a sponsor and will be required to fulfill the eligibility criteria specified in these regulations;<\/p>\n\n\n\n<ul><li>The sponsor or the principal\nofficer or any of its directors to be employed by the mutual fund must not have\nbeen guilty of fraud. Furthermore, they must not have been guilty of any\neconomic offense or convicted of an offence involving moral turpitude. <\/li><li>Besides, the appointment of\ntrustees to act as trustees for the mutual fund should be in accordance with\nthe provisions of the regulations.<\/li><li>Appointment of AMC (Asset\nManagement Company) for managing the mutual fund and operating the scheme of\nsuch funds based on the provisions of these regulations.<\/li><li>Appointment of custodian should\nbe in order to keep custody of the securities or gold and gold-related\ninstrument or other assets of the mutual fund held in terms of regulations.\nBesides, it must provide such other custodial services as may be authorized by\nthe trustees.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Steps_to_Register_a_Mutual_Fund_with_SEBI\"><\/span>Steps to\nRegister a Mutual Fund with SEBI<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Anybody\nwilling to register a mutual fund with SEBI must follow the following steps:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step_1_Filing_of_Form_A\"><\/span>Step 1: Filing\nof Form A<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Firstly, the applicant needs to file Form A, which is an application for mutual fund registration. Along with this, the sponsor has to provide essential details as <a href=\"https:\/\/www.sebi.gov.in\/otherentry\/oct-2002\/how-to-get-registered-as-a-mutual-fund_20312.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">required by the SEBI<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step_2_Submission_of_the_Application_Fee\"><\/span>Step 2:\nSubmission of the Application Fee<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Under\nregulation 3 of the SEBI (Mutual Funds) Regulations, 1999, the applicant needs\nto submit an application fee for registration. Additionally, the registration\nfee is non-refundable and as specified in the Second Schedule. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step_3_Application_to_conform_to_the_requirements\"><\/span>Step 3: Application\nto conform to the requirements<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>If the\nauthority finds the application to be incomplete, it will reject the\napplication. However, before rejecting the application, it will give the applicant\nan opportunity to complete such formalities within the timeframe as prescribed\nby the Board.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step_4_Furnishing_Information\"><\/span>Step 4:\nFurnishing Information<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The\nSEBI may require the applicant\/sponsor to provide further information or\nclarification. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step_5_Inspection_of_Application\"><\/span>Step 5:\nInspection of Application<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>On the\nreceipt of the application for registration, the Board will check for the\ninformation if it\u2019s valid or not. Accordingly, it will decide the application.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step_6_The_issuance_of_Certificate_of_Registration\"><\/span>Step 6: The\nissuance of Certificate of Registration<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>If the information is true and the application is complete, the Board will grant the sponsor the certificate of registration in Form B. <\/p>\n\n\n\n<p>Hence, if you wish to register a mutual fund with SEBI, please fill the inquiry form. We will contact you soon. <\/p>\n\n\n\n<div class=\"read\"><p><b>Also, Read:<\/b> <mark><a href=\"https:\/\/swaritadvisors.com\/learning\/how-can-i-start-my-own-mutual-fund-company\/\" target=\"_blank\" rel=\"noopener noreferrer\">How Can I Start My Own Mutual Fund Company<\/a><\/mark>.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>To register a mutual fund in India, you require approval from SEBI. The Securities and Exchange Board of India (SEBI) is a body that controls and regulates the securities market. Hence, if you are thinking of how to start your own mutual fund in India, you should approach SEBI and seek its permission first. As [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":6082,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[546],"tags":[549,547],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/6071"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/comments?post=6071"}],"version-history":[{"count":20,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/6071\/revisions"}],"predecessor-version":[{"id":10115,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/6071\/revisions\/10115"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media\/6082"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media?parent=6071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/categories?post=6071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/tags?post=6071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}