XBRL based reporting in the Indian Mutual Fund Industry
XBRL based reporting in the Indian Mutual Fund Industry
7 PagesXBRL based reporting in the Indian Mutual Fund Industry A Case StudyThe Indian Mutual Fund Industry has $120 billion in assets under management with 44 fund houses offering more than 3,000 schemes as of 2012. Securities and Exchange Board of India (SEBI) the regulator of the mutual fund industry, has progressively moved to a continuous disclosure regime. As a collector of massive volumes of disclosure data almost on a daily basis, SEBI needed something to ease the process of report collection. In 2010 SEBI sought to bring some of these periodic disclosures to an online filing platform that would literally cut hundreds of man hours of report gathering and compiling. However, this change was left optional for Mutual funds to adopt at their own pace. Background SEBI is often called a
