Disclosure of risk-o-meter, benchmark and portfolio details
Summary
SEBI extends the implementation date for specific mutual fund disclosure requirements from June 1, 2021, to September 1, 2021. The disclosures concern risk-o-meter details, benchmark performance, and portfolio information for schemes subscribed by investors. This extension follows a representation received from the Association of Mutual Funds in India (AMFI).
Text
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.
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.
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 protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
Source: SecMarx — Disclosure of risk-o-meter, benchmark and portfolio details. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.