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SEBI pushes new disclosure norms implementation to Sept 1
01-Jun-2021
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SEBI has provided additional three months’ time to mutual fund companies to comply with new disclosure rules. The implementation date has been postponed to September 1, 2021 from June 1, 2021.

In April, SEBI had issued a circular asking fund houses to enhance disclosures in account statements. They were asked to include risk-o-meter and comparative benchmark performance while disclosing the performance of schemes.

Once the rules come into force in September, AMCs will have to send the risk-o-meter and benchmark details to investors through email along with the fortnightly, monthly and half-yearly statement of the scheme portfolio.

The new norms, according to the regulator, aims to enhance the quality of disclosure with respect to risk and performance of the schemes without creating information overload on investors.

The disclosures need to be made to the investor only for the schemes in which he/she holds units.

Source : CafeMutual back
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