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nism-series-va-portfolio-disclosure-timelines-debt-sif[ MUTUAL FUND DISTRIBUTORS ]

What are the mandated timelines for disclosing scheme portfolios on websites for debt mutual fund schemes versus Specialized Investment Funds (SIFs)?

[ A ]Debt schemes disclose once every 5 years; SIFs are exempt from portfolio disclosures.
[ B ]Both debt schemes and SIFs disclose portfolios only upon scheme liquidation.
[ C ]Debt schemes must disclose portfolios fortnightly within 5 days of every fortnight; SIFs must disclose portfolios alternate months (May, July, Sept, Nov, Jan, Mar) within 10 days of month-end.[ CORRECT ]
[ D ]Debt schemes disclose daily on social media; SIFs disclose only to the Sponsor board.
Takeaway

Option C is correct: Debt schemes must disclose portfolios fortnightly within 5 days of every fortnight; SIFs must disclose portfolios alternate months (May, July, Sept, Nov, Jan, Mar) within 10 days of month-end.

Derivation
SEBI transparency regulations mandate that all debt mutual fund schemes disclose their complete portfolio (including ISIN and instrument yields) on a fortnightly basis within 5 days from the end of each fortnight. For Specialized Investment Funds (SIFs), portfolio disclosures must be published for alternate months (end of May, July, September, November, January, and March) on the AMC and AMFI websites within 10 days of month-end. This tests differential disclosure frequencies. A common error is assuming uniform monthly disclosure across all product lines.
Why the others fail
A — Debt schemes disclose once every 5 years; SIFs are exempt from portfolio disclosures.
A 5-year disclosure cycle is non-compliant; SEBI requires fortnightly disclosures for debt funds and alternate-month disclosures for SIFs.
B — Both debt schemes and SIFs disclose portfolios only upon scheme liquidation.
Portfolio disclosures are continuous periodic requirements designed for active investor monitoring, not merely upon liquidation.
D — Debt schemes disclose daily on social media; SIFs disclose only to the Sponsor board.
Disclosures must be made via downloadable spreadsheets on official AMC and AMFI websites, not informally via social media.