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Certified Securities Lawyer (CSL) Program

Module 7: Mutual Funds & Collective Investment Schemes

A comprehensive module covering SEBI Mutual Fund Regulations, Alternative Investment Funds framework, and Collective Investment Schemes. Master the regulatory architecture governing pooled investment vehicles in India.

8-10 Hours
5 Parts
50 Quiz Questions
Certificate Included
1996
MF Regulations Year
44+
AMCs in India
3
AIF Categories
100%
Practice-Oriented

Five Comprehensive Parts

Each part builds expertise in specific aspects of mutual funds and collective investment regulation in India.

01
MF

Mutual Fund Regulations 1996

Understand the foundational SEBI MF Regulations including registration requirements, sponsor eligibility, trustee duties, and AMC compliance framework.

SEBI MF Regulations Registration Sponsor Requirements Trustee Obligations AMC Requirements
02
SC

Scheme Categories & Operations

Master the classification of mutual fund schemes including equity, debt, hybrid, and fund of funds. Learn about scheme information documents and operational requirements.

Equity Schemes Debt Schemes Hybrid Funds Fund of Funds SID
03
AG

AMC Governance

Explore investment restrictions, expense ratio regulations, investor protection rights, distributor compliance, and exit load framework governing AMCs.

Investment Restrictions Expense Ratio Investor Rights Distributor Regulations Exit Load
04
AIF

AIF Regulations 2012

Comprehensive coverage of Alternative Investment Fund categories - Category I (VCF, SME, Social), Category II (PE, Debt), and Category III (Hedge Funds).

Category I AIFs Category II AIFs Category III AIFs Registration Investment Conditions
05
CIS

Collective Investment Schemes

Learn the CIS definition, SEBI CIS Regulations 1999, issues with unregistered schemes, and landmark cases including Sahara and PACL/Pearls.

CIS Framework SEBI CIS Regulations Unregistered CIS Sahara Case PACL Case
Q
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Module Assessment Quiz

Test your understanding with 50 comprehensive questions covering all five parts. Detailed explanations provided for each answer.

50 Questions Scenario-Based Explanations Certificate

What You Will Master

Upon completing this module, you will have developed competencies essential for securities law practice in the mutual fund space.

1

Navigate SEBI MF Regulations 1996 including registration, sponsor requirements, and trustee obligations

2

Classify and analyze different mutual fund scheme categories and their regulatory requirements

3

Advise AMCs on governance requirements including investment restrictions and expense ratios

4

Structure and register Alternative Investment Funds across all three categories

5

Identify CIS characteristics and apply SEBI CIS Regulations to protect investor interests

6

Analyze landmark CIS cases and apply lessons to prevent illegal pooling schemes

Ready to Begin Your Journey?

Start with Part 1 and build your expertise step by step. Each part includes detailed explanations, practical examples, regulatory analysis, and assessment quizzes.