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  • MF News AMFI to publish daily fund performance of all MF schemes

    AMFI to publish daily fund performance of all MF schemes

    SEBI has asked fund houses to publish daily performance report of their schemes on AMFI website.
    Shreeta Rege Oct 23, 2018

    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.

    Have a query or a doubt?
    Need a clarification or more information on an issue?
    Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

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    1 Comment
    BigB · 5 years ago `
    What you are saying is not making any sense and neither is this stupid circular from SEBI.
    The “regulator” is just ensuring more confusions chaos and increase in costs and work that will go into doing the performance calculation exercise on a daily basis.

    First of all when you are looking at equity funds with an investment horizon of at least 3 to 5 years, even in a volatile market, the returns will not change significantly for the 5 or 10 or above performance periods. Second, by trying to show performance daily, what are you telling consumers? You are also encouraging them to this daily rather than long term.

    I think SEBI is slowly loosing it more and more and it’s becoming a dictatorship rather than making it work for the better for the common investor.

    It’s a pity that the people at SEBI possibilities don’t have any any connection to ground realities.

    This industry will die a slow death the way the so call regulator is regulating the players.
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