SEBI scheme merger and conversion rules (India)

Tue, 12 May 2026 00:00:00 +0000

SEBI scheme merger and conversion rules in India govern the process by which two or more existing mutual fund schemes are amalgamated into a single surviving scheme (merger), or a scheme is converted from one type or category to another (conversion). These rules are embedded in Regulation 18(15A) and Regulation 18(15B) of the SEBI (Mutual Funds) Regulations, 1996 , and elaborated through SEBI’s Master Circular. All scheme mergers require SEBI’s prior approval and a mandatory exit window for unitholders; the framework was heavily used during the SEBI scheme rationalisation circular 2017 compliance wave and the SEBI multi-cap reclassification 2020 exercise. These rules are administered by the SEBI Investment Management Department .

Scheme Conversion on WebNotes

SEBI scheme merger and conversion rules (India)