Every fund. Every disclosure. Every distributor on record.
Scheme Information Documents, SID updates, distributor codes, KYC norms, SEBI circulars, suitability training, distributed to fund managers, RTAs, distributors, branches, and BDM teams, with acknowledgement evidence ready for the next regulator inspection. Built for Compliance, Legal, Risk, and Operations teams at asset management companies.
Cascade: SEBI → Legal → Operations → RTA → Distribution · 4,127 ARNs
Cascade status
🏛️
SEBI circular
›
⚖️
Legal review
›
🏢
RTA & Operations
›
📢
Distributor advisory
Distributor acknowledgement, 72h
ARN distributors4,127
94%
Bank channel4
100%
Branch RMs280
97%
Sub-brokers12
92%
SEBI circular tracker
Cir/IMD/2026/14 · Scheme reclassDONE
Cir/IMD/2026/15 · KYC normDONE
Cir/IMD/2026/16 · Disclosure7 D
Inspection-ready
FY26 KYC training: 4,127 / 4,127 evidence on file. One filter from regulator export.
Every product change has to land in fourteen places.
A new SEBI circular on category-of-scheme reclassification. A change in the expense ratio of the flagship fund. A revised KYC norm for distributors. A correction in the SID. Each one needs to reach the fund manager, the compliance head, the RTA, the BDM teams, the four thousand distributors, the branch staff servicing direct investors, the call-centre script, all within the regulatory deadline, with proof.
An AMC runs on disclosures and acknowledgements. Compliance & Legal on PolicyCentral.ai turns the distribution chain, internal teams, distributors, RTAs, branches, into a single addressable surface with audit-grade acknowledgement trails, not a fan-out of emails nobody can prove was delivered.
At a large Indian mutual fund house
From SEBI circular to the last-mile distributor, on one platform.
An AMC managing forty-plus schemes across equity, debt, hybrid, and passive categories. The compliance ecosystem is dense: SEBI sits above with circulars that drop unpredictably, AMFI overlays best-practice norms, the in-house Legal team interprets and codifies, the Operations team rolls out changes to the RTA and the factsheet engine, and the distribution backbone, 4,000+ ARN-holders, 280 branch RMs, a dozen sub-brokers, four bank channels, needs to know within 48 hours what just changed.
An email blast to a distributor list doesn't prove acknowledgement. A SID update sitting on the AMC website doesn't reach the distributor servicing a Tier-3 town. A KYC training pushed via portal-of-the-week is a SEBI finding waiting to happen. What the AMC needs is one distribution platform that targets by role and channel, captures acknowledgement with e-signature, and produces an inspection-ready audit trail per circular, per scheme, per cohort.
That's what Compliance & Legal on PolicyCentral.ai looks like. The same governance spine that already runs policies for regulated lenders, applied to fund factsheets, distributor codes, KYC norms, and the circulars cascade.
Capabilities that play a critical role in AMC compliance.
Scheme document versioning, SEBI-grade.
Every version of every SID, SAI, KIM, and factsheet, preserved with timestamps, approvers, and diffs. Show exactly which scheme document was in force on any given date for any given investor cohort. Multiple parallel versions for category-A vs category-B distributors when needed. Minor post-publication corrections don't destroy the history.
Expense ratio revision · SEBI Cir 2026/14 incorporated
v8.1Jan 03, 2026
Superseded · acknowledgements retained on record
v8.0Aug 22, 2025
Archived · available for regulator export
Distributor and channel targeting, ARN-aware.
Push a regulatory advisory to all 4,127 ARNs, or to just the bank channel, or to the sub-broker network, or to direct-investor-servicing RMs only. AMFI-EUIN-aware audience lists; new ARN auto-included on registration. The distributor in a Tier-3 town receives the same advisory as the metro RM, the moment it goes live.
Every distributor, every RM, every fund manager who acknowledged the SID update, captured with timestamp, IP, e-signature, EUIN, and the exact version they saw. The "we sent the email" defence is replaced with "here is the acknowledgement record, filtered by ARN and date, exportable in the format the inspector asked for".
AI Q&A for distributors, grounded in the live SID.
A distributor in Indore asks "what's the exit load on the new hybrid fund?" in the app. PolicyGPT answers from the current SID, cites the section, links the full document. No call to the compliance helpdesk. No wrong figure quoted to an investor. Every answer traceable to a specific clause in a specific version.
What's the exit load on the Equity Hybrid Fund after the Apr 14 update?
PolicyGPT: 1% on units redeemed within 12 months of purchase; nil thereafter. The Apr 14 update did not change the exit load structure.
SID v8.2 · § 5.4 Exit Load
And for the SIP plan?
PolicyGPT: Each SIP instalment is treated as a separate purchase for exit-load calculation.
SID v8.2 · § 5.4.2 SIP units
KYC, AML, suitability training, with quizzes that defend.
Mandatory KYC and AML modules pushed to every RM and distributor, with quiz scores tied to the individual. The "did your distributor actually understand suitability?" question gets a numeric answer, not a sign-off sheet. Failures route directly to the compliance head for a follow-up, not into a quarterly report nobody reads.
A SEBI inspection asks for "all KYC training acknowledgements for Q2, by RM, with quiz scores". The compliance head filters the dashboard, exports a regulator-format PDF, attaches to the response, in fifteen minutes. The six-week scramble through Outlook and shared drives ends.
Five situations an AMC compliance team will recognise from any given quarter.
A SEBI circular drops at 4 PM
Legal interprets, Operations publishes a distributor advisory by 7. By next morning's market open, every ARN has acknowledged. The compliance head sees a green dashboard before the trading day starts.
Targeted distribution → Acknowledgement → Time-bound dashboard
The flagship fund's expense ratio changes
Every fund manager, branch RM, and distributor needs the new figure on the same page in 24 hours. SID v8.2 publishes, the cascade fires, the factsheet engine and the distributor portal align without a single Slack message.
Version control → Multi-channel cascade → AI Q&A
A SID correction, typo in the asset allocation table
Silent in-place edit, version history preserved. Resend-to-unread pings the distributors who hadn't opened the original. No "please disregard" thread, no version confusion at the field level.
Edit-in-place → Resend-to-unread → Version history
The AMFI annual KYC refresh
4,127 distributors, a 30-day completion window, a SEBI-defined coverage threshold. The compliance head watches a single ring fill to 100%, with daily nudges going only to the people still pending.
Mandatory training → Quiz → Auto-escalation
The SEBI inspector asks "show me KYC training evidence for the bank channel, FY25"
One filter, one PDF, attached to the response, before the inspector finishes the next sentence. Filterable by ARN, EUIN, scheme, date. The "we'll come back to you" answer becomes "the export is in your inbox".
From "we sent the email blast" to "every ARN, e-signed, on record."
1
Acknowledgement defensibility
From "the email went out" to every ARN's acknowledgement, e-signed and time-stamped.
2
Source-of-truth alignment
From "the factsheet engine and the distributor portal disagree" to one platform, one current version, cascaded everywhere.
3
Inspection readiness
From "the prep took six weeks" to the export was ready before the inspector finished asking.
Live Customers
Ready to put every fund disclosure on the same governance spine?
Bring a recent SEBI circular, your latest SID update, and your distributor advisory format. In 20 minutes we'll show you the cascade, the acknowledgement trail, and the inspection-ready export.
