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Mutual fund CEO salaries rise in 2016-17; loss-making funds also pay big

Salary given by ICICI Prudential Mutual Fund, HDFC MF, Reliance MF to CEOs increased in 2016-17

Press Trust of India  |  New Delhi 

CEOs at the country's top mutual funds have seen their salaries going up on robust business growth, but several smaller players making losses or little profit have also paid crores to their top executives. The disclosure follows a diktat from markets regulator Sebi to all fund houses to make public the salaries of their top managements so that investors are aware of the payouts. While top fund houses like ICICI Prudential, HDFC and Reliance MFs have made clear disclosures in this regard by the Sebi deadline of April 30 for the 2016-17 fiscal, some others appear to have made it ...

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First Published: Tue, May 02 2017. 13:40 IST
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