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Updation of MFs scheme related documents can be completed by May-end: Sebi
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Last Updated: May 01, 2021, 11:25 AM IST
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In March, the regulator had prescribed the procedure for updation of SID and KIM of mutual fund schemes.
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New Delhi: Markets regulator, Sebi on Friday said updation of mutual fund scheme related documents for the half-year ended March 2021 can be completed by May 31 amid the ongoing coronavirus pandemic. Taking into account the difficulties expressed by the industry in light of continuing COVID-19 scenario, it has been decided that the updation of SID and KIM for the half-year ended March, 2021 shall be completed by May 31, 2021, Sebi said in a circular.
Sebi puts in place procedure for change in control of mutual funds
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Last Updated: Mar 04, 2021, 10:47 PM IST
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Sebi said no change in the control of an AMC, directly or indirectly, can be made unless prior approval of the trustees and the regulator is obtained, among other requirements.
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This comes after Sebi, in February, relaxed profitability criteria for becoming a mutual fund sponsor with a view to facilitating innovation and expansion in the mutual funds sector.
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NEW DELHI: Markets regulator Sebi has put in place a procedure for change in controlling interest of asset management companies and issued guidelines for new sponsors of mutual funds.
Indian MF industry earns top grade in data disclosures globally
The study was part of Morningstar s biannual Global Investor Experience (GIE) report on Disclosure. In its sixth edition, the report graded the experiences of mutual fund investors in 26 countries across North America, Europe, Asia, and Africa
The Indian mutual fund industry along with the US received top grade rating in disclosures thanks to their robust disclosure practices in areas such as expense ratios, fund manager information and performance track record etc, according to a recent study. The country, however, needs to be more transparent in terms of performance commentary and material risks in the specific funds.