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of <h1>SEBI Circular Enhances Mutual Fund Transparency: Disclosures on Costs, Commissions, Executive Pay, and Credit Risks Required.</h1> The circular issued by SEBI outlines several directives to enhance transparency and investor protection in mutual funds. It mandates that Consolidated Account Statements (CAS) include total investment costs and commission details. Mutual funds must disclose additional scheme-related information, including fund manager tenure and portfolio details. Executive remuneration details for key personnel must be disclosed annually. MFs/AMCs are required to conduct internal credit risk assessments. Proceeds from New Fund Offers (NFOs) can be invested in CBLOs, with conditions on fees and returns. Soft-dollar arrangements must benefit investors and be disclosed. The submission date for Monthly Cumulative Reports (MCR) is revised. The effective dates for these provisions range from April to October 2016.
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