SEBI Asked Mutual Funds and AIFs to Disclose Investors Charter
For AIFs, Sebi said they should bring investor charter to the notice of investors through private placement memorandum(PPM) in case of new schemes and for existing schemes, as a one-time measure, they should disclose it to the investors on their registered e-mail.
Markets regulator Sebi asked mutual funds, portfolio managers and alternate investment funds (AIFs) to disclose investors charter as well as data pertaining to complaints they received.
For mutual funds and portfolio managers, Sebi said they are advised to disclose the investor charter on their websites, as per separate circulars.
For AIFs, Sebi said they should bring investor charter to the notice of investors through private placement memorandum(PPM) in case of new schemes and for existing schemes, as a one-time measure, they should disclose it to the investors on their registered e-mail.
In addition, mutual funds are required to disclose the details of investor complaints on their respective websites as well as on AMFI website on a monthly basis in the prescribed format.
