Governance on WebNotes

Compliance audit report for mutual funds

Mon, 18 May 2026 00:00:00 +0000

The compliance audit report is a third-party-auditor certification that a mutual fund AMC has complied with SEBI regulations during the financial year. The report is mandated by SEBI under the SEBI (Mutual Funds) Regulations 1996 and provides external verification of AMC compliance distinct from the scheme-level statutory audit (which focuses on financials).

For Indian retail investors, the compliance audit report complements the SEBI half-yearly trustee report by providing an external auditor’s view on AMC compliance, alongside the trustee’s internal-governance view.

SEBI half-yearly trustee report

Mon, 18 May 2026 00:00:00 +0000

The SEBI half-yearly trustee report is the compliance and governance disclosure published by mutual fund trustee companies to SEBI and the public. Per the SEBI (Mutual Funds) Regulations 1996 and the trust structure framework , the trustee company has fiduciary obligations to unitholders and must report on AMC compliance and scheme governance every six months.

For Indian retail investors, the half-yearly trustee report is one of the few investor-facing disclosures of governance-level oversight, complementing the annual report and the compliance audit report .