SEBI has extended the implementation date for providing additional information in scheme information document (SID)/key information memorandum (KIM) till June 30. According to SEBI’s March 18 circular, fund houses were supposed to disclose this additional information from May 1.
Cafemutual has a copy of SEBI circular sent to AMFI.
According to SEBI’s March 18 circular, AMCs are supposed to provide separate SID/KIM for each MF scheme on their websites.
Besides, they are to have a dashboard on their website which provides information on the performance, scheme AUM, investment objective, expense ratio, portfolio details and the scheme’s past performance.
“It will take some time for us gather this data and thus we had requested for an extension,” said operations head of a bank sponsored fund house.
Here is the additional information which AMCs will start providing from June 30 which will be a part of SID/KIM:
- The tenure for which the fund manager has been managing the scheme, along with the name of scheme’s fund manager
- Scheme’s portfolio holdings (top 10 holdings by issuer and fund allocation towards various sectors), along with a website link to obtain scheme’s latest monthly portfolio holding
- In case of FoF schemes, expense ratio of underlying scheme
- Scheme’s portfolio turnover ratio
- The aggregate investment made by AMC’s board of directors, concerned scheme’s fund manager and other key managerial personnel
- Illustration of impact of expense ratio on scheme’s returns
Also, the regulator has clarified that this information has to be provided for all open end and closed end schemes.
