Capital Markets regulator Securities and Exchange Board of India Limited (Sebi) on Friday asked mutual funds (MF), portfolio managers and Alternate Investment Funds (AIFs) to reveal investors charter as well as data with regard to complaints they received.

For mutual funds and portfolio managers, the regulator said they are advised to disclose the investor charter on their websites, as per separate circulars. For Alternate Investment Funds, Sebi said they should bring investor charter to the notice of investors through private placement memorandum(PPM) in case of new schemes and for existing schemes, as a one-time measure, they should disclose it to the investors on their registered e-mail.

Besides,  mutual funds are required to disclose the details of investor complaints on their respective websites as well as on AMFI website on a monthly basis in the prescribed format. In addition, mutual funds are advised to display link/option to lodge complaint with them directly on their websites and mobile apps. Additionally, link to SCORES website and the link to download the mobile application shall also be provided on their website. Portfolio managers also need to disclose the data on their websites in connection with the complaints including SCORES complaints, on monthly basis. The data needs to be disclosed on or before by 7th of succeeding month, the market regulator said.

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