Date: 2021-05-31Category: Not ApplicableState: Union GovernmentCountry: India
Disclosure of the following only w.r.t schemes which are subscribed by the investor: a. risk-o-meter of the scheme and the benchmark along with the performance disclosure of the scheme vis-a-vis benchmark and b. Details of the portfolio
**Summary:**
This Securities and Exchange Board of India (SEBI) circular, reference number SEBI/HO/IMD/IMD-II/DOF3/P/CIR/2021/566 dated May 31, 2021, addresses disclosures related to mutual fund schemes subscribed to by investors. Specifically, it concerns (a) the riskometer of the scheme and its benchmark, along with performance disclosure relative to the benchmark, and (b) details of the portfolio.
The circular amends the implementation date of provisions outlined in circular number SEBI/HO/IMD/IMD-II/DOF3/P/CIR/2021/555 dated April 29, 2021, extending it from June 1, 2021, to September 1, 2021, based on representations from the Association of Mutual Funds in India (AMFI).
This directive is issued under Section 11(1) of the Securities and Exchange Board of India Act, 1992, and Regulation 77 of SEBI (Mutual Funds) Regulations, 1996, to protect investor interests, promote the development of the securities market, and regulate said market.
For further information, contact Bithin Mahanta, General Manager, at 022-26449634 or via email at bithinm@sebi.gov.in. The circular is addressed to all Mutual Funds, Asset Management Companies (AMCs), Trustee Companies/Boards of Trustees of Mutual Funds, and AMFI.
Key Entities Referenced
Securities and Exchange Board of India: Regulatory body for securities market in India.
Mutual Funds: A type of financial vehicle made up of a pool of money collected from many investors to invest in securities.
Asset Management Companies (AMCs): Companies that invest pooled funds from clients, putting capital to work through different investments.
Trustee Companies/Boards of Trustees: Entities responsible for overseeing the operations of Mutual Funds and protecting the interests of investors.
Association of Mutual Funds in India (AMFI): Industry association of mutual funds in India.
Securities and Exchange Board of India Act 1992: Law that established the Securities and Exchange Board of India.
SEBI Mutual Funds Regulation, 1996: Regulation pertaining to Mutual Funds.
Bithin Mahanta: General Manager at Securities and Exchange Board of India.
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Securities and Exchange Board of India
CIRCULAR
SEBI/HO/IMD/IMD-II DOF3/P/CIR/2021/566 May 31, 2021
All Mutual Funds/
Asset Management Companies (AMCs)/
Trustee Companies/Boards of Trustees of Mutual Funds/
Association of Mutual Funds in India (AMFI)
Sir/ Madam,
Subject: Disclosure of the following only w.r.t schemes which are
subscribed by the investor:
a. risk-o-meter of the scheme and the benchmark along with the
performance disclosure of the scheme vis-à-vis benchmark and
b. Details of the portfolio
1. SEBI, vide circular no. SEBI/HO/IMD/IMD-II DOF3/P/CIR/2021/555 dated
April 29, 2021, specified disclosures with regard to disclosure of (a) risk-o-
meter of the scheme and the benchmark along with the performance
disclosure of the scheme vis-à-vis benchmark and (b) details of portfolio,
which were applicable from June 01, 2021.
2. Based on the representation received from AMFI, it has been decided to
extend the implementation date of the provisions of the aforesaid circular to
September 1, 2021.
3. This circular is issued in exercise of the powers conferred under Section 11
(1) of the Securities and Exchange Board of India Act 1992, read with the
provision of Regulation 77 of SEBI (Mutual Funds) Regulation, 1996 to
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Securities and Exchange Board of India
protect the interests of investors in securities and to promote the
development of, and to regulate the securities market.
Yours faithfully,
Bithin Mahanta
General Manager
Tel no.: 022-26449634
Email: bithinm@sebi.gov.in
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