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    <title>Circular on Mutual Funds</title>
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    <description>SEBI requires Consolidated Account Statements to include each scheme&#039;s cost and, for half-yearly CASs, actual distributor commissions (monetary and non-monetary) and scheme average Total Expense Ratio for direct and regular plans. Offer documents and AMC websites must disclose fund manager tenure and names, top ten holdings, sector allocations, portfolio turnover, FoF underlying expense ratios, aggregate investments by key persons, and an illustrative impact of expense ratios. AMCs must publish executive remuneration, adopt in-house credit risk assessment policies, restrict and disclose soft-dollar benefits, permit limited NFO proceeds deployment in CBLO without charging fees, and comply with a revised MCR submission date.</description>
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    <pubDate>Fri, 18 Mar 2016 00:00:00 +0530</pubDate>
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