Sebi Eases Data Submission Timelines for Mutual Funds and Portfolio Managers

Sebi has extended the timelines for portfolio managers and mutual funds to submit offsite inspection data. This move, effective immediately, allows them to submit daily data in a monthly file quarterly within 15 days post-quarter. The decision aims to simplify business processes, based on industry feedback.

In a move to streamline financial operations, Sebi announced on Friday that it will extend the timelines for portfolio managers and mutual funds regarding submission of offsite inspection data.

According to the new directive, mutual funds are now required to submit daily data in a consolidated monthly format on a quarterly basis, with submissions due within 15 calendar days after the end of the quarter, instead of the former 10-day deadline.

This decision follows feedback from the industry and ensures easier compliance while maintaining robust inspection and surveillance of mutual funds and their compliance with regulations. The changes take immediate effect.

(With inputs from agencies.)