Thread by @vaid_varun

To protect the #interest of #investors & to enhance transparency @SEBI_India has revised much awaited disclosure norms pertaining to transactions in #debt & #money market #securities by #mutualfunds. @fifaindiaorg @bsindia
@OutlookMoney #SaarthiZarooriHai #PlanZarooriHai

W.e.f 1.10.2020 these disclosure details will be required in new format -

1. Name & type of security
2. Credit Ratings
3. Name of the rating agency
4. Maturity date
5. Settlement date
6. Interest accrued & yield
(2)

7. Information like rating of the security at the time of transaction, whether the security is listed, put/call option date, yield at which the security was traded, type of trade (inter scheme transfer/primary/secondary market, etc.)
(3)

Details of schemes transaction on a daily basis with a time lag of 15 days. To be presented in a comparable, downloadable & machine-readable format. (enclosed)

#DebtFunds to disclose portfolio on fortnightly basis within 5 days of every fortnight effectively from 1.10.2020

The norm for mandatory fortnightly disclosure will have made the #investors & #IFIs aware about the pressure & the necessary preemptive action can be taken by them.

These would give a better sense of the risk factor & will enable to make an informed #investment decision. (5)

This may also prevent #funds from taking higher credit risk through short-term transactions in a bid to earn high yield.

It would help to watch out for early warning signs & save #investors from any potential risk the fund could be exposing them to. (6) @cafemutual @bsindia

Above thread will give a brief idea about the recent circular issued by the regulator. @livemint @OutlookMoney @thetribunechd @AmarUjalaNews @DainikBhaskar @NDTVProfit @CNBC_Awaaz @wealthforum_tv @ETNOWlive @FinancialTimes @timesofindia @BloombergQuint @htTweets @businessline