Improvement in corporate governanace

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..... s to their clients, including disclosure of the performance indicators calculated on the basis of weighted average method taking each individual category of investments for the immediately preceding three years in case of discretionary portfolio managers. In order to make the investors fully aware about how their funds have been deployed and also to give them an objective analysis of the performan .....

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..... is. markets to the investors, the portfolio managers may give performance of more than one index if they so desire. Also, they have the option to give their management perception on the performance of their schemes. The Boards of portfolio managers may review the performance of the funds managed by them for each client separately in their meetings and should take corrective action wherever necess .....

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..... CS so as to judge the quality of internal procedures being followed by the portfolio manager. The report of the internal audit shall be submitted to the Board of the portfolio manager. 4. The portfolio manager shall exercise due diligence in all their operational activities. 5. Compliance of the above guidelines may please be disclosed to SEBI while submitting the half yearly report. The report .....

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