https://www.taxtmi.com/circulars?id=60411 Portfolio managers must include benchmark index performance in client periodical reports under Regulation 21, selecting indices that match client objectives and recording any later changes. Boards must review portfolio performance against benchmarks and take corrective action. Boards must also receive quarterly compliance reports, monitor due diligence and investor grievance redressal, and place SEBI deficiency or warning letters before the Board. An internal audit by a practicing CA or CS must assess internal procedures and be submitted to the Board. Managers must exercise due diligence and submit half-yearly compliance reports to SEBI within thirty days for prescribed reporting dates. en-us Tue, 18 Nov 2003 00:00:00 +0530 Tue, 03 Feb 2026 14:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=60411 Portfolio managers must include benchmark index performance in client periodical reports under Regulation 21, selecting indices that match client objectives and recording any later changes. Boards must review portfolio performance against benchmarks and take corrective action. Boards must also receive quarterly compliance reports, monitor due diligence and investor grievance redressal, and place SEBI deficiency or warning letters before the Board. An internal audit by a practicing CA or CS must assess internal procedures and be submitted to the Board. Managers must exercise due diligence and submit half-yearly compliance reports to SEBI within thirty days for prescribed reporting dates. Circulars SEBI Tue, 18 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60411