Mutual fund regulation: mandatory SID/SAI filing, disclosures, NAV, valuation and governance rules to protect investors. The Circular requires mutual funds to file and maintain offer documents-SID and SAI-in prescribed formats with specified filing timelines, public availability of drafts, periodic updation and addenda for changes. It imposes governance duties on AMCs and trustees (audit/valuation committees, independent trustees, systems audits), detailed disclosure and reporting obligations (monthly portfolios, half yearly reports, CTRs, daily transactions), and uniform NAV, valuation and cut off timing rules including methodologies for non traded and debt securities, illiquid securities limits and NPA provisioning.
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 regulation: mandatory SID/SAI filing, disclosures, NAV, valuation and governance rules to protect investors.
The Circular requires mutual funds to file and maintain offer documents-SID and SAI-in prescribed formats with specified filing timelines, public availability of drafts, periodic updation and addenda for changes. It imposes governance duties on AMCs and trustees (audit/valuation committees, independent trustees, systems audits), detailed disclosure and reporting obligations (monthly portfolios, half yearly reports, CTRs, daily transactions), and uniform NAV, valuation and cut off timing rules including methodologies for non traded and debt securities, illiquid securities limits and NPA provisioning.
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