Mutual fund companies

Mutual fund companies adopt the new financial reporting format XBRL

NEW DELHI: After being successfully introduced last year, the new financial reporting format, XBRL, is now being adopted by many mutual fund companies to enhance corporate governance as well as to improve risk management and control. Moreover, it is being done completely voluntarily with no diktat for mutual fund companies from the government on XBRL implementation. “SEBI had shown interest in adopting XBRL format for fund houses though no timeline had been set. We decided […]