MFs prohibited from offering indicative portfolios: Sebi
The market regulator SEBI on Monday prohibited mutual fund companies from showing indicative portfolio and yields in their debt and fixed income schemes, as the practice is misleading investors.
"It is...decided that the mutual funds shall not offer any indicative portfolio and indicative yield. No communication regarding the same in any manner, whatsoever, shall be issued by any mutual fund or distributors of its products," SEBI said in a circular.
