TaxTMI 
TaxTMI 
Code of conduct
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....companies, directors of Trustee Company and their associates. (3) Mutual funds schemes should be organised, operated, managed and the portfolio of securities should be selected, to provide equitable and fair treatment to all classes of unitholders of the scheme. Decisions taken to favor or to benefit one set of investors over other shall not be considered as equitable and fair treatment to all class of unitholders. (4) The trustees and asset management companies must ensure that adequate, accurate, explicit and timely information about the investment policies, investment objectives, financial position and general affairs of the scheme is dissemination in a simple language to all unitholders of the scheme. (5) The trustees and asset....
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....y shall ensure that: (a) the sponsor of the mutual fund, the trustees or the asset management company or any of their employees do not render, directly or indirectly any investment advice about any security in the publicly accessible media, whether real-time or non-real-time, unless a disclosure of his interest including long or short position in the said security has been made, while rendering such advice. (b) in case an employee of the sponsor, the trustees or the asset management company is rendering such advice, he shall also disclose the interest of his dependent family members and the employer including their long or short position in the said security, while rendering such advice. PART - B [Regulations 22(4)(a....
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....ustomary institutional rates; For the purposes of this clause, the term associate shall have the following meaning: (i) in case of an asset management company and a sponsor; associate as defined in clause (d) of sub-regulation (1) of regulation (2); and (ii) in case of a Fund Manager/Dealer/Chief Executive Officer, it shall include their relatives or any entity upon whom the Fund Manager/Dealer/Chief Executive Officer could exercise control; (j) not offer or accept any inducement in connection with the affairs or business of managing the funds of unitholders which is likely to conflict with the duties owed to the unitholders; (k) disclose all interests in securities as required by all applicable ....
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.... (g) not intentionally disseminate false or misleading information with respect to the price or market for a security. (3) Execution Standards: (a) Fund Managers shall: (i) have an appropriate and adequate basis for investment decision and shall be responsible for investment in the funds managed by them; (ii) record in writing, the decision of buying or selling specific securities together with the detailed justifications for such decisions; (iii) not indulge in any act or practice which results in artificial window dressing of the NAV; and (iv) not indulge in any act or practice which results in artificial increase or decrease of valuation and computation of Macaulay Duration of mutual ....