SEBI MF board independence framework

Sun, 17 May 2026 00:00:00 +0000

The SEBI MF board-independence framework is the regulatory structure under the SEBI (Mutual Funds) Regulations, 1996 that prescribes minimum board-independence and governance standards for Indian mutual fund Asset Management Companies (AMCs) and Trustee Companies. The framework requires AMCs and Trustees to maintain a minimum proportion of independent directors on their boards, with specific qualifications, conduct standards, and committee responsibilities. The independence framework is one of the principal investor-protection mechanisms in Indian mutual fund regulation, designed to ensure that AMC and Trustee operations are conducted in the interest of unitholders rather than purely in the interest of sponsors or affiliates.

SEBI Board Independence on WebNotes

SEBI MF board independence framework