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SEBI has issued a circular on reporting format of mutual funds. As per the circular, the capital market regulator has discontinued the submission of compliance certificate by AMC to the trustees on bi-monthly and half yearly basis. The contents of both bi-monthly and half yearly compliance certificate have been suitably incorporated in the quarterly report by AMC to Trustees. Further, AMC need to submit complete Compliance Test Report (CTR) to SEBI on quarterly basis by 21st calendar day of succeeding month for the quarters ending March, June, September and December in a pre-specified format.