SEBI mandates disclosure of Information Ratio for equity MF schemes.

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....SEBI mandated mutual funds/AMCs to disclose Information Ratio (IR), a risk-adjusted return metric, on websites along with performance for equity schemes. IR calculation methodology using benchmark returns and standard deviation was prescribed. AMCs/AMFI to undertake investor awareness on IR's significance. Disclosure format with explanation on IR interpretation to be provided by AMFI. Circular effective within 3 months under SEBI Act.....