Stewardship Code for all Mutual Funds and all categories of AIFs, in relation to their investment in listed equities 2019

The importance of institutional investors in capital markets across the world is increasing the world over; they are expected to shoulder greater responsibility towards their clients/ beneficiaries by enhancing monitoring and engagement with their investee companies. Such activities are commonly referred to as ‘Stewardship Responsibilities’of the institutional investors and are intended to protect their clients' wealth. Such increased engagement is also seen as an important step towards improved corporate governance inthe investee companies and gives a greater fillip to the protectionofthe interest of investors in such companies.