Mumbai: The Securities and Exchange Board of India, or Sebi, on Wednesday directed mutual funds to disclose the performance of their schemes since inception and during the preceding one-year, three-year and five-year periods while advertising.
At present, mutual funds are required to publish the scheme’s returns for as many 12-month periods as possible during the preceding three years.
Sebi said while advertising a particular MF scheme, the performance of other schemes managed by the concerned fund manager also has to be disclosed in a summarized manner, along-with the respective scheme’s benchmark.
