World Investor Week Nov 22-28, 2021

Message from Chairman, SEBI

Important Updates

Guide to verify your KYC Status

Disclosure of Risk Parameters in respect of Mid Cap & Small Cap Funds

Centralised mechanism for reporting the demise of an investor through KRAs - Standard Operating Procedure (SOP)

Continuous monitoring of fit and proper status of major shareholders pursuant to RBI Master Direction  

CLARIFICATION : Mutual Fund Distributors are very much subject to /come under the purview of SEBI Mutual Fund Regulations 

Revised Code of Conduct for Mutual Fund Distributors 

Data Sharing Principles to be followed by AMCs while sharing Unitholders’ Data 

Notice issued by Sahara Asset Management Company Private Limited to their unit holders

SEBI Clarification w.r.t. Data feeds in respect of Direct Plan transactions by the Mutual Fund Distributors, Registered Investment Advisers, Portfolio Managers and Stock Brokers

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

New rule on applicable NAV effective from 1-FEB-2021 (Based on availability of funds for utilisation)

AMFI Guidance on Nomenclature of Mutual Fund Distributors 

(Pursuant to Regulation 3(3) of the SEBI Investment Adviser 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.

    Please click here for more info.