Venture Intelligence (TSJ Media Pvt. Ltd.)
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Sebi introduces investor charters, disclosure norms for MFs, AIFs, PMS providers
The Securities and Exchange Board of India (Sebi) has released separate investor charters for mutual funds, portfolio management services (PMS) providers and alternative investment funds (AIFs), assigning rights and responsibilities for investors. MFs and PMS managers must display investor charters and investor complaint data on their websites, including complaints made on Sebi's SCORES complaint redressal system, while AIFs must disclose the same in the private placement memorandums of their schemes. A previous Sebi circular required MFs to update complaint data within two months of the close of each financial year. The new circular mandates this disclosure within seven days of the close of each month. The same timeline has been prescribed for PMS managers too. AIFs have to compile this data within seven days from the close of each quarter.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.