Introduction
The Mutual Fund Compliance Calendar serves as a structured and time-bound reference tool to help Asset Management Companies (AMCs) and related intermediaries ensure timely adherence to regulatory obligations as prescribed under the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, and the various Master Circulars issued by Securities and Exchange Board of India (SEBI) from time to time.
These regulations, supplemented by circulars and operational guidelines, lay down the compliance framework governing the activities of mutual funds in India, covering areas such as disclosure requirements, investment restrictions, risk management practices, governance norms, and investor servicing standards.
The calendar is designed to:
- Track periodic compliance requirements (daily, weekly, monthly, quarterly, half-yearly, and annual)
- Facilitate internal monitoring within AMCs and Trustee Companies
- Ensure timely submissions to SEBI, AMFI, and other regulatory bodies
- Promote accountability among compliance officers and relevant departments.
| S. No. | Applicability | Description | Forms and Formats | Reporting Authority/ Body | Filing Dates | Regulating Document |
|---|---|---|---|---|---|---|
| YEARLY FILINGS/INTIMATIONS | ||||||
| 1 | AMC/MFL | Scheme Information Document (SID) for Subsequent Year of Mutual Fund Lite Schemes | NA | NA | 31st May | Circular on Introduction of a Mutual Funds Lite (MF Lite) Framework for Passively Managed Schemes of Mutual Funds |
| 2 | AMC/MFL | Yearly Report of Mutual Fund Lite Asset Management Company | NA | SEBI | 31st May | Circular on Introduction of a Mutual Funds Lite (MF Lite) Framework for Passively Managed Schemes of Mutual Funds |
| 3 | AMC | Statement of Additional Information (SAI) | NA | SEBI | 30th June | Master Circular for Mutual Funds |
| 4 | Trustees of MF/ AMC | Report of Exceptions Observed in Systems Audit | Format no. 10 | SEBI | 30th September | Master Circular for Mutual Funds |
| 5 | AP | Statement of Holding in Securities of Personal Investment Transactions | NA | Compliance Officer | 30th April | Master Circular for Mutual Funds |
| 6 | Employee other than all AP | Statement of Holding in Securities of Personal Investment Transactions | NA | Compliance Officer | 30th April | Master Circular for Mutual Funds |
| 7 | AMC | Annual Statistical Report | Format no. 2E | SEBI | 30th April | Master Circular for Mutual Funds |
| 8 | AMC/MF | Disclosure of Executive Remuneration on Website | NA | NA | 30th April | Master Circular for Mutual Funds |
| 9 | AMC | Annual Report and other information | NA | SEBI | 31st July | SEBI (Mutual Fund) Regulations, 1996 |
| 10 | MFC | Display Annual Report containing Accounts on AMC's website | NA | NA | 31st July | Master Circular for Mutual Funds |
| 11 | MF/AMC | Email Scheme wise Annual Report of Mutual Fund or Abridged Summary | NA | Unitholders | 31st July | Master Circular for Mutual Funds |
| 12 | MFC | Service Fees | NA | SEBI | 15th April | SEBI (Mutual Fund) Regulations, 1996 |
| HALF-YEARLY FILINGS/INTIMATIONS | ||||||
| 13 | AMC | Scheme Information Document (SID) for Open Ended and Interval Schemes | NA | NA | 31st March, 30th September | Master Circular for Mutual Funds |
| 14 | AMC | Scheme Information Document (SID) for Open Ended and Interval Schemes for Subsequent Years | NA | NA | 31st October, 30th April | Master Circular for Mutual Funds |
| 15 | AMC | Key Information Memorandum (KIM) | NA | NA | 31st October, 30th April | Master Circular for Mutual Funds |
| 16 | AMC | Issue Consolidated Account Statement to Investors in whose folios no transaction has taken | Format no. 3F | Investors | 21st October, 21st April | Master Circular for Mutual Funds |
| 17 | MF/AMC | Disclosure of Portfolio and ISIN of Schemes on website | Format no. 3C | NA | 10th October, 10th April | Circular on Introduction of a Mutual Funds Lite (MF Lite) Framework for Passively Managed Schemes of Mutual Funds |
| 18 | Trustees | Submit Half Yearly Trustees Report (HYTR) | Format no. 2C | SEBI | 30th November, 31st May | Master Circular for Mutual Funds |
| 19 | MF/AMC | Publish Soft Copy of Unaudited Financial Results on Website | Format no. 7B | NA | 31st October, 30th April | Circular on Introduction of a Mutual Funds Lite (MF Lite) Framework for Passively Managed Schemes of Mutual Funds |
| 20 | MF/AMC | Intimation of Complete Statement of Scheme Portfolio to Unitholders | NA | Unitholders | 10th October, 10th April | Circular on Revise and Revamp Nomination Facilities in the Indian Securities Market |
| QUARTERLY FILINGS/INTIMATIONS | ||||||
| 21 | Directors of Trustees | Report details of Transactions in Securities exceeding five lakh rupees (Rs. 5 lakhs) | NA | Mutual Fund |
|
Master Circular for Mutual Funds |
| 22 | AMC | Furnish Reports on Activities on its activities and compliance with Mutual Fund Regulations and circulars | Format no. 2G | Trustees |
|
Master Circular for Mutual Funds |
| 23 | Trustee | Details of Transactions in Securities exceeding Rupees Five Lakhs (Rs. 5 lakh) | NA | Mutual Funds |
|
Master Circular for Mutual Funds |
| 24 | ETF/ IFI | Evaluate and Comply with Portfolio Concentration Norms for Equity Exchange Traded Funds (ETFs) and Index Funds | NA | NA |
|
Master Circular for Mutual Funds |
| 25 | AMC | Compliance Test Report (CTR) | Format no. 2B | SEBI |
|
Master Circular for Mutual Funds |
| 26 | MF | Report Offsite Inspection and Surveillance Data | Format no. 13 | SEBI |
|
Master Circular for Mutual Funds |
| 27 | AMC | Disclosure of Details of Votes Cast on website | Format no. 7C | NA |
|
Master Circular for Mutual Funds |
| 28 | AMC | Publish List of Group Companies and Sponsor(s) on Website | NA | NA |
|
Master Circular for Mutual Funds |
| 29 | Equity Passive Schemes of MFC | Disclosure of Scheme Portfolio on Website | Format no. 3C | NA |
|
Circular on Introduction of a Mutual Funds Lite (MF Lite) Framework for Passively Managed Schemes of Mutual Funds |
| 30 | ETF/ IFI | Evaluate and Ensure Compliance of Asset Allocation of Equity and Debt | NA | NA |
|
Circular on Introduction of a Mutual Funds Lite (MF Lite) Framework for Passively Managed Schemes of Mutual Funds |
| 31 | MF | Report on Artificial Intelligence and Machine Learning Technologies | Format No 9 (Form To Report on Artificial Intelligence and Machine Learning Technologies), Annexure 7 (Reporting for Artificial Intelligence and Machine Learning Applications and Systems Offered and Used by Mutual Funds) | AMFI |
|
Master Circular for Mutual Funds |
| MONTHLY FILINGS/INTIMATIONS | ||||||
| 32 | AMC | Issue consolidated account statement to all investors | NA | NA | On or Before fifteenth (15th) day of succeeding month | Master Circular for Mutual Funds |
| 33 | MF/AMC | Disclosure of Portfolio and ISIN for Schemes on Website | Format no. 3C | NA | Within ten (10) days from the close of each month | Circular on Introduction of a Mutual Funds Lite (MF Lite) Framework for Passively Managed Schemes of Mutual Funds |
| 34 | AMC | Forward Data of Disclosures made on Website | NA | AMFI | Within seven (7) working days from the end of the month | Master Circular for Mutual Funds |
| 35 | MFC | Disclose on website details of Investor Complaints received | Format no. 7D | NA | Seventh (7th) day of succeeding month | Master Circular for Mutual Funds |
| 36 | MF/AMC | Monthly Cumulative Report (MCR) by email | Format No. 2D | SEBI | Third (3rd) working day of each month | Master Circular for Mutual Funds |
| 37 | MF/AMC | Intimation of Complete Statement of Scheme Portfolio | NA | Unitholders | Within ten (10) days from close of Each Month | Circular on Revise and Revamp Nomination Facilities in the Indian Securities Market |
| 38 | MFC | Report Utilization of Overseas Investment Limits | Format No. 2.I | SEBI | Within ten (10) days from end of each month | Master Circular for Mutual Funds |
| 39 | SIF/AMC | Disclose Risk-Band for Investment Strategies on website and AMFI's website | NA | NA | Within ten (10) days from close of each month | Circular on Regulatory framework for Specialized Investment Funds (SIF) |
| 40 | SIF | Disclose Portfolio, ISIN and Derivative Instruments for Investment Strategies on AMC's website and AMFI's website | NA | NA |
|
Circular on Regulatory framework for Specialized Investment Funds (SIF) |
| EVENT-BASED FILINGS/INTIMATIONS | ||||||
| 41 | Trustees | Bio-Data in Securities Market with Trustees of Key Personnel, Fund Manager(s) appointed for Scheme(s) | NA | NA | Within fifteen (15) days of appointment | SEBI (Mutual Fund) Regulations, 1996 |
| 42 | AMC / MFLAMC | Bio-Data of Directors and their Interest in Other Companies | NA | Trustees and SEBI | Within fifteen (15) days of their appointment | SEBI (Mutual Funds) (Third Amendment) Regulations, 2024 |
| 43 | AMC/ MFLAMC | Details of Change in Interests of Directors | NA | Trustees and SEBI | Every six (6) months | SEBI (Mutual Funds) (Third Amendment) Regulations, 2024 |
| 44 | AMC / MFLAMC | Quarterly Report mentioning Purchase and Sale of Securities of Group Companies | NA | Trustees and SEBI | Quarterly | SEBI (Mutual Funds) (Third Amendment) Regulations, 2024 |
| 45 | AMC/ Trustee Company | Meeting of Board of Directors and other committees to discuss issues concerning Mutual Fund | NA | NA | NA | Master Circular for Mutual Funds. |
| 46 | AMC | Changes in Statement of Additional Information (SAI) | NA | SEBI | Within seven (7) days of such change | Master Circular for Mutual Funds |
| 47 | AMC | Register Transfer of Units and Return Unit Certificate on Production of Instrument of Transfer | NA | NA | Within thirty (30) days of Transfer | Master Circular for Mutual Funds |
| 48 | Trustees | Half-Yearly Report on Activities of Mutual Fund | NA | SEBI | Half-Yearly | SEBI (Mutual Fund) Regulations, 1996 |
| 49 | AMC | Report Details of Unit Holders who Opted to Exit in case of Consolidation or Merger of Schemes | NA | SEBI | Within twenty one days (21) days from the date of closure of the exit option | Master Circular for Mutual Funds |
| 50 | AMC/ Trustees | Addendum before Opening of Additional Plan(s) | NA | SEBI | Before twenty one (21) days of opening of Additional Plan(s) | Master Circular for Mutual Funds |
| 51 | AMC | List Units of Segregated Portfolio on Recognized Stock Exchange | NA | NA | Within ten (10) working days of creation of Segregated Portfolio | Master Circular for Mutual Funds |
| 52 | AMC | Statement of Holding of Units in Segregated Portfolio | NA | Investors | Within five (5) working days of creation of the Segregated Portfolio | Master Circular for Mutual Funds |
| 53 | Trustees | Notice for Winding up of Mutual Fund Schemes | NA | SEBI | Within one (1) day | SEBI (Mutual Fund) Regulations, 1996 |
| 54 | Trustees | Publish Results of Voting of Unit Holders for Winding up of Mutual Fund Schemes | NA | NA | Within forty five (45) from the publication of results | SEBI (Mutual Funds) Regulations, 1996 |
| 55 | AMC | Disclose Change in Base of Total Expense Ratio (TER) on website | NA | NA | At least three (3) working days prior to effecting such change | Master Circular for Mutual Funds |
| 56 | AMC | Change in Base Total Expense Ratio (TER) | NA | Investors | Three (3) working days prior to effecting such change | Master Circular for Mutual Funds |
| 57 | MF/AMC | Make Payment of Dividend | NA | Unitholders | Within seven (7) working days from the record date. | Master Circular for Mutual Funds |
| 58 | AMC | Issue Notice to Public regarding decision to Distribute Dividend including Record Date | NA | NA | Within one (1) calendar day of decision by Trustees | Master Circular for Mutual Funds |
| 59 | MF | New Scheme Report (NSR) | Format No. 2A | SEBI | Within ten (10) working days from date of allotment | Master Circular for Mutual Funds |
| 60 | Employees other than AP | Details of Personal Investment Transactions | NA | Compliance Officer | Within seven (7) calendar days | Master Circular for Mutual Funds |
| 61 | Fund Manager | Provide Rationale for Downgrading of Security Post Inter Scheme Transfers (IST) | NA | NA | Within period of four (4) months | Master Circular for Mutual Funds |
| 62 | Trustees or Employees or Directors of AMC or Trustee company | Disclose Transactions of Mutual Fund Company in Real Estate Assets | NA | Compliance Officer | Within one (1) month of such transaction | SEBI (Mutual Funds) Regulations, 1996 |
| 63 | MF | Placement Memorandum in case of Private Placement of Infrastructure Debt Schemes | Format No. 5D | SEBI | At least seven (07) days prior to the launch of scheme | Master Circular for Mutual Funds |
| 64 | Trustees or Employees or Directors of AMC or Trustee Company | Disclose Transactions of Mutual Fund Company in Investee Companies | NA | Compliance Officer | Within one (1) month of such transaction | SEBI (Mutual Funds) Regulations, 1996 |
| 65 | AMC or Trustees | Appointment of Independent Directors in place of the Resigning Director(s) | NA | NA | Within period of three (3) months from date of resignation | Master Circular for Mutual Funds |
| 66 | MF | Report Non-Compliance of Appointment of Independent Director in place of Resigning Director | NA | SEBI | Within period of three (3) months from date of resignation | Master Circular for Mutual Funds |
| 67 | MF | Copy of all changes made to Scheme | NA | SEBI | Within seven (7) days of such change | Master Circular for Mutual Funds |
| 68 | AMC/ MFLAMC | Bio-Data of Directors and their Interest in Other Companies | NA | Trustees and SEBI | Within fifteen (15) days of appointment | SEBI (Mutual Funds) (Third Amendment) Regulations, 2024 |
| DAILY FILINGS/INTIMATIONS | ||||||
| 69 | AMC | Disclose Total Expense Ratio (TER) of Schemes except Infrastructure Debt Fund (IDF) Schemes on Website | NA | NA | Daily | Master Circular for Mutual Funds |
| 70 | AMC | Transaction Details to Agency Providing Benchmark Yield/ Matrix of Spread Over Risk Free Benchmark Yield | Annexure 2 (Investment Valuation Norms for Mutual Funds) | Agency providing benchmark yield/matrix of spread over risk-free yield. | Daily | Master Circular for Mutual Funds |
| 71 | MF/AMC | Disclose Information Ratio (IR) of Equity Oriented Scheme Portfolio on Website | Disclosure of Information Ratio Format | Daily | SEBI Circular on Disclosure of Risk adjusted Return – Information Ratio (IR) for Mutual Fund Schemes | |
| 72 | MF/AMC | Payment of Upfront Trail Commission | NA | NA | Daily | Master Circular for Mutual Funds |
| 73 | AMC | Disclose Tracking Error/ Tracking Difference on Website | NA | NA | Daily | SEBI Circular on Introduction of a Mutual Funds Lite (MF Lite) framework for passively managed schemes of Mutual Funds |
| S. No. | List of Abbreviation | Definitions |
|---|---|---|
| 1 | AMC- Asset Management Company | Asset Management Company means a company formed and registered under the Companies Act, 1956 or Companies Act, 2013 and approved by Securities and Exchange Board of India. |
| 2 | MF- Mutual Fund Company | Mutual Fund means a fund established in the form of a trust to raise monies through the sale of units to the public or a section of the public under one or more. |
| 3 | MFL- Mutual Fund Lite Company | Mutual Fund Lite or MF Lite means a mutual fund that has obtained registration and is having only such index funds, exchange. |
| 4 | AP- Access Persons | Access Person shall mean the Head of the AMC (designated as CEO/Managing Director/President or by any other name), Executive Directors, Chief Investment Officer, Chief Risk Officer, Chief Operation Officer, Chief Information Security Officer, Fund Managers, Dealers, Research Analysts, all employees in the Fund Operations Department, Compliance Officer and Heads of all divisions and/or departments or any other employee as decided by the AMC(s) and/or Trustees. |
| 5 | ETF- Exchange Traded Funds | Exchange Traded Fund (ETF) are funds that track indices such as Sensex, Nifty, etc. |
| 6 | IFI- Index Fund Issuer | An Index Fund Issuer is an entity that creates, manages, and operates index funds. |
| 7 | MII- Market Infrastructure Institutions | Stock exchanges, Clearing Corporations and Depositories together constitute Market Infrastructure Institutions (MIIs). |
| 8 | SIF- Specialized Investment Fund | Specialized Investment Fund means a mutual fund as defined under SEBI Mutual Fund Regulations, 1996. |
| 9 | CII- Critical Information Infrastructure | Critical Information Infrastructure (CII) has been defined in the Information Technology Act, 2000 as the computer resource, the incapacitation or destruction of which shall have debilitating impact on national security, economy, public health or safety. |
| 10 | NCIIPC- National Critical Information Infrastructure Protection Centre | National Critical Information Infrastructure Protection Centre (NCIIPC) is a designated National Nodal Agency in respect of Critical Information Infrastructure Protection. |
| 11 | MFLAMC - Mutual Fund Lite Asset Management Company | Mutual Fund Lite Asset Management Company means an asset management company of a Mutual Fund Lite that has been granted approval. |
| 12 | SEBI- Securities and Exchange Board of India | Securities and Exchange Board of India is a regulatory authority established under the Securities and Exchange Board of India Act, 1992 to regulate the securities market in India. |
Disclaimer
The information provided in this article is intended for general informational purposes only and should not be construed as legal advice. The content of this article is not intended to create and receipt of it does not constitute any relationship. Readers should not act upon this information without seeking professional legal counsel.