Benchmark disclosure for debt and balanced funds now required; performance must be published and compliance reported. Requirement to disclose benchmark performance for debt oriented and balanced mutual fund schemes in half yearly results, with benchmarks developed by research and rating agencies recommended by AMFI; existing procedural rules on changing benchmarks, management perception, review by AMCs and trustees, and reporting of compliance in AMC quarterly reports and trustees' half yearly reports continue to apply under the governing mutual fund regulation.
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Provisions expressly mentioned in the judgment/order text.
Benchmark disclosure for debt and balanced funds now required; performance must be published and compliance reported.
Requirement to disclose benchmark performance for debt oriented and balanced mutual fund schemes in half yearly results, with benchmarks developed by research and rating agencies recommended by AMFI; existing procedural rules on changing benchmarks, management perception, review by AMCs and trustees, and reporting of compliance in AMC quarterly reports and trustees' half yearly reports continue to apply under the governing mutual fund regulation.
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