9911796707
TMI BlogDisclosure of expenses, half yearly returns, yield and risk-o-meter of schemes of Mutual FundsX X X X Extracts X X X X X X X X Extracts X X X X ..... Agents ( RTAs ) Association of Mutual Funds in India (AMFI) Sir / Madam, Subject: Disclosure of expenses, half yearly returns, yield and risk-o-meter of schemes of Mutual Funds 1. Under the current regulatory framework for Mutual Funds, various disclosure requirements have been mandated, which include disclosures by Mutual Funds with respect to expenses and risks pertaining to schemes. In order to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fer. 3. Accordingly, disclosure of expenses, returns during the half year and yield of direct and regular plans shall be as under: 3.1. The expenses disclosed in terms of Sl. No. 6.4 of Twelfth Schedule read with Regulation 59 SEBI (Mutual Funds) Regulations, 1996 shall contain separate disclosures for total recurring expenses for direct and regular plans, apart from the disclosure of total recurr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tual Funds ( Master Circular ), specifies the provisions pertaining to product labelling in Mutual Funds. Based on the recommendation of MFAC, it has been decided that in addition to the existing labels relating to levels of risk i.e. Low, Low to Moderate, Moderate, Moderately High, High and Very High, the Risk-o-meter shall also be depicted using a colour scheme. Accordingly, para 17.4.1(d) of th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -o-meter 8. As per clause 17.4.1 (h) of the Master circular, any change in the risk-o-meter shall be communicated to unitholders of that particular scheme by way of a Notice cum Addendum as well as an e-mail or SMS. 9. In order to standardise the format of disclosure and for ease of understanding of the change in level of risk for unitholders, the Mutual Funds shall disclose the existing risk-o-me ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 992 , read with the provisions of Regulation 29(1), 58(1), 59(1) read with Regulation 77 of SEBI (Mutual Funds) Regulations, 1996 , to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. 12. This Circular is available at www.sebi.gov.in under the link Legal ---Circulars . Yours faithfully, Peter Mardi Deputy General Manager +91 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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