MANU/SMFD/0002/2014

Ministry : Securities and Exchange Board of India

Department/Board : Investment Management Department

Circular No. : CIR/IMD/DF/05/2014

Date : 24.03.2014

Notification/ Circulars Referred : Circular SEBI/IMD/CIR No 18/198647/2010 dated March 15, 2010 MANU/SMFD/0017/2010;Circulars viz. CIR/IMD/DF/21/2012 dated September 13, 2012 MANU/SMFD/0015/2012;CIR/IMD/DF/24/2012 dated November 19, 2012 MANU/SMFD/0021/2012

All Mutual Funds/Asset Management Companies (AMCs)/
Trustee Companies/Boards of Trustees of Mutual Funds/
Association of Mutual Funds in India (AMFI)

Sir/Madam,

SEBI framed a Long Term Policy for Mutual Funds in India which inter alia includes enhancing the reach of Mutual Fund products, promoting financial inclusion, tax treatment, obligation of various stakeholders, increasing transparency, etc.

I. SEBI has framed a Long Term Policy for Mutual Funds in India which inter alia includes enhancing the reach of Mutual Fund products, promoting financial inclusion, tax treatment, obligation of various stakeholders, increasing transparency, etc. In this regard the following has been decided:

A. Disclosure of Assets Under Management (AUM)

1. In order to enhance transparency and increase the quality of the disclosures for the investors, Mutual Funds shall disclose the following on monthly basis on their website and also share the same with Association of Mutual Funds in India (AMFI):

a. AUM from different categories of schemes such as equity schemes, debt schemes, etc.

b. Contribution to AUM from B-15 cities (i.e. other than top 15 cities as identified by AMFI) and T-15 cities (Top 15 cities).

c. Contribution to AUM from sponsor and its associates.

d. Contribution to AUM from entities other than sponsor and its as........