Mutual fund performance disclosure requires standardized CAGR presentation, point-to-point returns, plan-type disclosure and manager-wide performance reporting. Performance disclosure in mutual fund advertisements must use CAGR for prescribed periods, supplemented by point-to-point returns on a standard investment, with periods computed from the last day of the month-end preceding the advertisement. Advertisements must specify whether data relates to regular or direct plans, disclose fund manager continuity where applicable, and include summarized performance of other schemes managed by the same fund manager with permitted internet links and special rules where a manager runs more than six schemes.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Mutual fund performance disclosure requires standardized CAGR presentation, point-to-point returns, plan-type disclosure and manager-wide performance reporting.
Performance disclosure in mutual fund advertisements must use CAGR for prescribed periods, supplemented by point-to-point returns on a standard investment, with periods computed from the last day of the month-end preceding the advertisement. Advertisements must specify whether data relates to regular or direct plans, disclose fund manager continuity where applicable, and include summarized performance of other schemes managed by the same fund manager with permitted internet links and special rules where a manager runs more than six schemes.
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