SEBI introduces new measures for advertising fund performance
Mar 05 2021
News Category: Regulatory Updates
SEBI, in its latest circular on mutual fund regulation, has mandated in case of overnight funds, liquid funds and money market funds, wherein investors have very short investment horizon, the performance can be advertised by simple annualisation of yields if a performance figure is available for at least 7 days, 15 days and 30 days provided it does not reflect an unrealistic or misleading picture of the performance or future performance of the scheme. Further, where a scheme has been in existence for less than six months, past performance shall not be provided.