Fund management fiduciary duties require investor protection, independent oversight, conflict controls, transparent disclosure, and compliant portfolio management.

Fund management entities must exercise due diligence, protect investor interests, maintain segregated and ring-fenced scheme assets, provide accurate and timely investor information, apply prescribed valuation norms, and comply with AML/CFT requirements. Fiduciaries must oversee scheme operations, ensure arm's-length dealings, review associate transactions, and verify operational, audit and compliance arrangements before scheme launch. Principal officers, fund managers and compliance officers must address non-compliance, grievances and conflicts of interest. Portfolio managers must promptly deploy client funds, avoid trades against client interests, provide adequate risk information, and deliver suitable advice.

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