SEBI Redesigns Format for Mutual Fund Scheme Offer Documents
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- By Chetan Kulasri
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- Last Updated on 3 November, 2023
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Circular No. SEBI/HO/IMD/IMD-RAC-2/P/CIR/2023/000175, Dated: 01.11.2023
In order to enhance the ease of preparation of the Scheme Information Document (SID) by mutual funds and increase its readability for investors, SEBI undertook an exercise to revamp the format of SID. In the revised format, SEBI mandated AMCs to disclose the risk-o-meter of the Benchmark on the front page of the initial offering application form, Scheme Information Documents (SID) and Key Information Memorandum (KIM); and in the Common application form. The updated format to be implemented w.e.f. April 01, 2024.
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