Amfi asks fund houses to use standardaised returns for illustrations
“SEBI had observed that some of the Asset Management Companies (AMCs) were indulging in practices relating to advertisements, which were not in compliance with letter and spirit of the provisions with the Advertisement Code prescribed in SEBI (Mutual Funds) Regulations, 1996,” said AMFI Best Practice Guidelines circular.
Operations Compliance Committee Opco Asset Management Companies Amcs Association Of Mutual Funds Or Amfi Mutual Funds Asset Management Companies Advertisement Code
Source: indiatimes.com