Now, you will get update on the 1 year, 3 year, 5 year, 10 year and since inception performance of all mutual fund schemes on AMFI website.
In a recent circular, SEBI has asked fund houses to upload their daily scheme performance data on AMFI website.
Currently, AMCs update their scheme performance reports on monthly basis on their own website. However, this data is of no use in volatile markets. Having daily performance data will help an investor make a more informed decision. On the flip side, daily tracking may end up scaring jittery investors further during volatile markets.
While investors could access daily performance on mutual fund tracking websites, the AMFI website will make scheme comparison easy for investors and assure investors about authenticity of data.
SEBI said that CAGR returns of all plans of a scheme and their corresponding (TRI) benchmark will be available on the AMFI portal. The returns will for the 1-year, 3-year, 5-year, 10-year and since inception time periods.
In addition, AMCs will also have to upload 7 days, 15 days, 1 month, 3 months and 6 months performance of overnight funds, liquid funds, ultra-short duration funds, low duration funds, and money market funds on the portal.
The returns will be calculated based on previous day’s NAV. Other relevant data such as scheme AUM and previous day NAV will be included in the disclosure.
To increase the ease of understanding, the data will have filtering options based on scheme-type, plan-type as well as sorting feature based on return period.
SEBI has given a month time to fund houses to comply with these regulations.