MFs told to disclose expense of direct, regular plans separately

The Securities and Exchange Board of India (Sebi) has made it mandatory for mutual fund (MF) houses to give separate disclosures for direct and regular plan schemes in their half-yearly financial results.

- ABHISHEK KUMAR

"The expenses disclosed... shall contain separate disclosures for total recurring expenses for direct and regular plans, apart from the disclosure of total recurring expenses of the scheme," the regulator said in a circular.

It has also asked fund houses to reveal the returns delivered by both direct and regular plans of MF schemes in their half-yearly reports.