<p>Markets regulator Sebi on Friday asked mutual funds, portfolio managers and alternate investment funds (AIFs) to disclose investors charter as well as data pertaining to complaints they received.</p>.<p>For mutual funds and portfolio managers, Sebi said they are advised to disclose the investor charter on their websites, as per separate circulars.</p>.<p>For AIFs, Sebi said they should bring investor charter to the notice of investors through private placement memorandum(PPM) in case of new schemes and for existing schemes, as a one-time measure, they should disclose it to the investors on their registered e-mail.</p>.<p>In addition, mutual funds are required to disclose the details of investor complaints on their respective websites as well as on AMFI website on a monthly basis in the prescribed format.</p>.<p>Further, mutual funds are advised to display link/option to lodge complaint with them directly on their websites and mobile apps. </p>.<p>Additionally, link to SCORES website and the link to download the mobile application shall also be provided on their website. </p>.<p>Portfolio managers also need to disclose the data on their websites pertaining to complaints including SCORES complaints, on monthly basis.</p>.<p>The data needs to be disclosed latest by 7th of succeeding month, Sebi said in separate circulars.</p>.<p>In case of AIFs, they have to disclose investors complaints data as a separate chapter in the PPM, for new schemes.</p>.<p>For existing schemes, such data needs to be disclosed by way of updating the PPM within one month of end of each financial year. </p>.<p>"For effective monitoring, AIFs shall maintain data on investor complaints ...as which shall be compiled latest within 7 days from the end of quarter," Sebi said.</p>.<p>Disclosures have to be made in formats prescribed by the regulator.</p>.<p>The move is aimed at bringing further transparency in the investor grievance redressal mechanism.</p>.<p>These disclosure requirements are in addition to those already mandated by Sebi.</p>.<p>The circulars will come into effect from January 1, 2022.</p>.<p><strong>Check out DH's latest videos</strong></p>
<p>Markets regulator Sebi on Friday asked mutual funds, portfolio managers and alternate investment funds (AIFs) to disclose investors charter as well as data pertaining to complaints they received.</p>.<p>For mutual funds and portfolio managers, Sebi said they are advised to disclose the investor charter on their websites, as per separate circulars.</p>.<p>For AIFs, Sebi said they should bring investor charter to the notice of investors through private placement memorandum(PPM) in case of new schemes and for existing schemes, as a one-time measure, they should disclose it to the investors on their registered e-mail.</p>.<p>In addition, mutual funds are required to disclose the details of investor complaints on their respective websites as well as on AMFI website on a monthly basis in the prescribed format.</p>.<p>Further, mutual funds are advised to display link/option to lodge complaint with them directly on their websites and mobile apps. </p>.<p>Additionally, link to SCORES website and the link to download the mobile application shall also be provided on their website. </p>.<p>Portfolio managers also need to disclose the data on their websites pertaining to complaints including SCORES complaints, on monthly basis.</p>.<p>The data needs to be disclosed latest by 7th of succeeding month, Sebi said in separate circulars.</p>.<p>In case of AIFs, they have to disclose investors complaints data as a separate chapter in the PPM, for new schemes.</p>.<p>For existing schemes, such data needs to be disclosed by way of updating the PPM within one month of end of each financial year. </p>.<p>"For effective monitoring, AIFs shall maintain data on investor complaints ...as which shall be compiled latest within 7 days from the end of quarter," Sebi said.</p>.<p>Disclosures have to be made in formats prescribed by the regulator.</p>.<p>The move is aimed at bringing further transparency in the investor grievance redressal mechanism.</p>.<p>These disclosure requirements are in addition to those already mandated by Sebi.</p>.<p>The circulars will come into effect from January 1, 2022.</p>.<p><strong>Check out DH's latest videos</strong></p>