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SEBI comes out with new guidelines for mutual funds

April 14, 2021

SEBI comes out with new guidelines for mutual funds

Capital markets watchdog Sebi on Monday came out with new rules on reporting formats for mutual funds.

The configurations for the reports to be submitted by asset the management organizations (AMCs) to trustees, by AMCs to Sebi and by trustees to the controller have been revised on the basis of consolation from the industry.

In a round, Sebi said the compliance certificate to be presented by an AMC to the trustees on an every other month premise and half-yearly basis would be discontinued.

The content of both these reports have been joined in the quarterly report by AMC to trustees, it added.

With respect to quarterly write about exercises of mutual funds (MFs), Sebi said such report should contain details of number of live plans as on a day ago of the quarter-end, plans launched during the time frame including plans which were launched yet couldn’t be comprised under any circumstance, details of existing plans developed or ended up too schemes merged during the quarter.

For schemes which have been wound up, Sebi said details of payout should be provided during each quarter till the last payout for such schemes.

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