Review of Commission, Expenses, Disclosure norms etc.

Review of Commission, Expenses, Disclosure norms etc. – Mutual Fund https://www.taxtmi.com/circulars?id=60371 The circular permits limited upfronting of trail commission for SIP inflows from first time investors identified by PAN, payable from AMC books and amortized daily to schemes with audit trails and pro rata recovery from distributors if SIPs terminate early. It defines retail inflows for additional TER applicable to B 30 penetration, mandates daily disclosure of scheme wise TER on AMC and AMFI websites in a downloadable format, exempts certain short lived schemes from some performance disclosures, requires borrowing costs to be adjusted against portfolio yield with excess borne by the AMC, extends no entry load applicability to all SIPs, and permits limited miscellaneous expenses from AMC books subject to recording and audit. en-us Mon, 25 Mar 2019 00:00:00 +0530 Wed, 27 Mar 2019 18:03:00 +0530 TaxTMI RSS Generator Review of Commission, Expenses, Disclosure norms etc. – Mutual Fund https://www.taxtmi.com/circulars?id=60371 The circular permits limited upfronting of trail commission for SIP inflows from first time investors identified by PAN, payable from AMC books and amortized daily to schemes with audit trails and pro rata recovery from distributors if SIPs terminate early. It defines retail inflows for additional TER applicable to B 30 penetration, mandates daily disclosure of scheme wise TER on AMC and AMFI websites in a downloadable format, exempts certain short lived schemes from some performance disclosures, requires borrowing costs to be adjusted against portfolio yield with excess borne by the AMC, extends no entry load applicability to all SIPs, and permits limited miscellaneous expenses from AMC books subject to recording and audit. Circulars SEBI Mon, 25 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60371