Sebi, Amfi to give addl disclosures

Kolkata: In a bid to maintain stability, instill confidence among investors and enhance transparency, market regulator Sebi and AMFI, a body representing the mutual fund (MF) industry, have directed fund houses to provide additional disclosures for small- and mid-cap funds (SMIDs) from March, officials said. The additional disclosure parameters for mutual fund managers include valuation, volatility, investor concentration and stress tests, they said. “We have instructed AMFI to direct AMCs to disclose certain additional data points relating to valuation, volatility, investor concentration, and the percentage holding in small and mid-cap stocks, along with disclosures on stress testing results,” Sebi wholetime member Amarjeet Singh said at an event organised by Indian Chamber of Commerce.