SEBI directs MFs to disclose performance of relevant benchmarks

The Securities and Exchange Board of India in consultation with the Association of Mutual Funds in India has directed asset management companies to disclose the performance of benchmarks along with debt and balanced schemes while publishing half-yearly results, said a circular issued by SEBI.

The Securities and Exchange Board of India in consultation with the Association of Mutual Funds in India has directed asset management companies to disclose the performance of benchmarks along with debt and balanced schemes while publishing half-yearly results, said a circular issued by SEBI.
"These benchmarks shall be developed by research and rating agencies
recommended by AMFI on a regular basis," the SEBI circular said.

At present, fund houses only provide returns of their schemes for six
months, one-year, three-year, five years, and since the date of launch while
publishing half-yearly results.

"These guidelines are being issued in accordance with the provisions of
regulation 77 of SEBI regulations 1996," it said.

In a circular issued to mutual funds dated March 26, SEBI had said, "in
order to give the investors objective analysis of the performance of the mutual
funds schemes in comparison with the rise or fall in the markets, it has been
decided in consultation with AMFI to disclose the performance of benchmark
indices."

Bureau Report

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