Securities and Exchange Board of India (SEBI) has been actively working over the last 2-3 years to adopt XBRL based reporting for listed companies, Mutual Funds and other SEBI registered intermediaries. In 2012, SEBI started the XBRL Pilot Project for filing / reporting by Mutual Funds with SEBI. The XBRL filings are currently on a voluntary basis, and are in addition to filings under the current system. Already, over ten mutual fund firms have participated in the pilot filings.
While it is difficult to say at what stage SEBI will make XBRL filings mandatory, it is in the best interest of all mutual fund firms to prepare themselves from now, and avoid surprises later.
Beyondsquare has helped, and is helping top mutual fund companies in India with their pilot filings.
Beyondsquare is an AMFI approved vendor for SEBI filings.
Contact us to find out how you can participate in the pilot filing at no cost to you and no obligation to buy our product or service in future.
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