SEBI asks AMCs to file final offer documents digitally as part of “go green” initiative

To safeguard the interests of investors in securities market, all new fund offers (NFOs) will remain open for subscription for a minimum period of three working days, SEBI stated.

Asset management companies (AMCs) are no longer required to file physical copies of final offer documents (final SID and KIM) with the securities regulator Securities and Exchange Board of India (SEBI) as part of the the company’s “go green” initiative.

The new framework will be into effect starting on May 1, 2023, according to a statement from the markets regulator.


According to the market regulator, all new fund offerings (NFOs) would be available for subscription for a minimum of three working days in order to safeguard the interests of investors in the securities market.

According to the SEBI circular, AMCs will only need to put in all final offer documents, including the Scheme Information Document (SID) and the Key Information Memorandum (KIM), by emailing them to a specific e-mail ID. There will be no need to submit physical copies of these documents to the market regulator.

The SEBI added that at least two working days before the start of the scheme, the final SID and KIM must be submitted in digital form.

According to the current regulations, the market regulator requires the submission of a soft copy of the final SIDs together with a printed/final copy seven working days before the start of the scheme.