SEBI Circular on Investor Charter and disclosure of Investor Complaints by Mutual funds on their websites and AMFI website

Last updated: 11 December 2021

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The Securities and Exchange Board of India (SEBI) has issued a new circular requiring all mutual funds to publish an Investor Charter on their websites. This charter outlines investor rights, services, timelines, and grievance redressal mechanisms. Additionally, mutual funds must now disclose investor complaint details on their websites and the AMFI website on a monthly basis, effective from January 1, 2022.

Securities and Exchange Board of India Circular No.SEBI/HO/IMD-II/IMD-II_DOF10/P/CIR/2021/00677 Dated:December 10, 2021 To, All Mutual Funds (MFs)/ Asset Management Companies (AMCs)/ Trustee Companies/ Board of Trustees of Mutual Funds/ Association of Mutual Funds in India (AMFI) Dear Sir/Madam, Subject: Publishing Investor Charter and disclosure of Investor Complaints by Mutual funds on their websites and AMFI website 1) SEBI vide Circular No. Cir/IMD/DF/2/2010 dated May

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FAQ :

Mutual funds are now required to disclose investor complaint details on their websites and the AMFI website on a monthly basis, and to publish an Investor Charter.

The provisions of this circular come into effect from January 01, 2022.

The Investor Charter details services provided to investors, their rights, mutual fund activities with timelines, DOs and DON'Ts for investors, and the grievance redressal mechanism.

Mutual funds must disclose investor complaint details on a monthly basis.

Mutual funds should disclose the Investor Charter on their websites and make it available at prominent places in their offices.

Mutual funds should display a direct link to lodge complaints with them, and also provide a link to the SEBI SCORES website or the SEBI SCORES mobile app.