Mutual Fund News: SEBI Announces New Rules for MF Schemes Implementing From 2024

17 Nov, 2023 Author: Ayushee Joshi

Mutual Fund News: Market regulator SEBI has introduced regulations to streamline mutual fund disclosure sheets. According to the market regulator, the introduction of this regulation would provide investors with more information about the plan and make it simpler for them to grasp all elements. The new regulation will take effect on April 1, 2024.

Mutual Fund Rule Change

According to SEBI, fund companies will be required to submit scheme summaries in the new format from April 1. According to this circular, the scheme’s top ten holdings and fund allocation must be posted on the web link. This rule does not apply to mutual fund schemes whose documents have already been submitted to SEBI. Additionally, the risk analysis must be indicated on the first page of the application and scheme information document’s information memorandum. This will allow investors to determine whether or not the scheme is suited for them. SEBI stated that a 6-month TER and a scheme circular must be provided on the online site.