Disclosure of Risk Parameters in respect of Mid Cap & Small Cap Funds
Revised Code of Conduct for Mutual Fund Distributors
Notice issued by Sahara Asset Management Company Private Limited to their unit holders
List of benchmark indices intended to used by AMCs as 1st tier benchmarks
Pursuant to SEBI circular no. SEBI/HO/IMD/IMD-II DF3/P/CIR/2021/652 dated October 27, 2021 on "Guiding Principles for bringing uniformity in Benchmarks of Mutual Fund Schemes", AMFI has published the list of benchmark indices intended to used by AMCs as 1st tier benchmarks. The same is available at https://www.amfiindia.com/research-information/other-data
Further Extension of validity of NISM certificates till April 01, 2022
NISM has announced on its website that the validity of NISM certificates of those who could not appear or attend or enroll for certification examinations or CPE/ eCPE programmes and as such, could not renew/ are not in a position to renew their certificates, during the period March 15, 2020 to March 31, 2022 (or any time period based on future developments/ the Government directions), shall be extended till April 01, 2022.
(Source:https://www.nism.ac.in/important-announcement-about-nism-certificate-validity/)
Accordingly, the validity of ARNs of individual ARN holders & EUINs of individual MFDs / employees & sales personnel of MFDs, which are expiring during the period March 15, 2020 to March 31, 2022, will also stand automatically extended till April 01, 2022, since the validity of ARN/ EUINs of INDIVIDUIALS is co-terminus with NISM Certification.
Disclosure of all possible payment options along with their efficiency
Pursuant to SEBI circular no. SEBI/HO/IMD/DF2/CIR/P/2020/175 dated September 17, 2020 read with circular no. SEBI/HO/IMD/DF2/CIR/P/2020/253 dated December 31, 2020, effective from February 1, 2021, the applicable NAV in respect of purchase of units of mutual fund scheme shall be subject to realization & availability of the funds in the bank account of mutual fund before the applicable cut off timings, irrespective of the amount of investment, under all mutual fund schemes.
In this regard, the efficacy of various payment modes and the indicative cut-off time to get the same day’s NAV are given in Annexure 1 ( For Lump Sum Transactions - Non Liquid Schemes ) and Annexure 2 (For SIP Transactions) . Investors and intermediaries may please note of the same and choose appropriate / efficient mode of payment
a. Annexure – A1: All the payment modes available for investors to make lump sum investment and their efficiency
b. Annexure – A2: All the payment modes available for investors for SIP investments
AMFI restarts Online registration for ARN and EUIN
Revised ARN / EUIN Registration & Renewal Fees effective May 1, 2021
FAQ on Income Distributed under Dividend Option of Mutual Fund Schemes
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New rule on applicable NAV effective from 1-FEB-2021
Mutual Fund investors and intermediaries may please note that, as advised by SEBI, normal cut-off timings shall be restored effective from Monday, November 9, 2020 for applicability of Net Asset Value (NAV) for both subscription and redemption transactions across for all mutual fund schemes, as mentioned in table below -
| Type of Schemes | Transaction type | Cut-off timings |
| Liquid Funds & Overnight Funds | Subscription (including Switch-in from other schemes) | 1:30 p.m. |
| Redemption (including Switch-out to other schemes) | 3:00 p.m. | |
| All other schemes (other than Liquid Funds / Overnight Funds) | Subscription (including Switch-in from other schemes) | 3:00 p.m. |
| Redemption (including Switch-out to other schemes) | 3:00 p.m. |
All other provisions w.r.t. applicability of NAV in respect of subscriptions and redemptions shall be in accordance with SEBI Mutual Funds Regulations read with the applicable SEBI circulars.
Issued in Public Interest
(Pursuant to Regulation 3(3) of the SEBI (Investment Advisers) Regulations, 2013)
As per Regulation 3(3) of the SEBI (Investment Advisers) Regulations, 2013 notified on July 3, 2020 –
No person, while dealing in distribution of securities, shall use the nomenclature “Independent Financial Adviser or IFA or Wealth Adviser or any other similar name” unless registered with SEBI as an Investment Adviser.
Pursuant to the above regulatory amendment, mutual fund distributors (MFDs) whose registered name has the terms such as Adviser / Advisor / Financial Adviser/ Investment Adviser/ Wealth Adviser/Wealth Manager/Wealth Managers etc. are required get their registered name changed.
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Please click here for Gazette Notification SEBI (INVESTMENT ADVISERS) (AMENDMENT) REGULATIONS, 2020.
MutualFund Investors may please note that witheffect from July 1, 2020, mutual fund units issued against Purchase transactions (whetherthrough lump-sum investments or SIP or STP or switch-ins or dividend reinvestment)would be subject to levy of stamp duty* @ 0.005% of the amount invested. Transferof mutual fund units (such as transfers between demat accounts) are subject to payment of stampduty* @ 0.015%.
* pursuantto Notification No. S.O. 4419(E) datedDecember 10, 2019 issued by Department of Revenue, Ministry of Finance,Government of India, read with Part I of Chapter IV of Notification datedFebruary 21, 2019 issued by Legislative Department, Ministry of Law and Justice,Government of India on the Finance Act, 2019, and subsequent Notification dated March 30, 2020 issued by Department ofRevenue, Ministry of Finance, Government of India.
SEBI has decided to extend the reduced cut-off timing for both subscription and redemption in mutual fund schemes till further notice, in light of RBI Press Release dated April 30, 2020 on extension of time line for amended trading hours of various RBI regulated markets.
The reduced cut-off timings for mutual fund transactions are as follows:
In case of subscription
- For Liquid and Overnight Funds – 12:30 p.m.
- For other than Liquid and Overnight Funds – 01:00 p.m.
In case of Redemption
- For Liquid and Overnight Funds – 01:00 p.m.
- For other than Liquid and Overnight Funds – 01:00 p.m
All other provisions of various SEBI Mutual Funds Regulations w.r.t. applicability of NAV in respect of subscriptions and redemptions shall remain unchanged.