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Sebi issues new format for mutual funds' monthly cumulative report

From April 2019 onwards, AMCs will have to submit the MCR to Sebi in the new format by the third working day of each month

Press Trust of India  |  New Delhi 

Sebi issues new format for mutual funds' monthly cumulative report

regulator Tuesday came out with a new format for (AMCs) for monthly cumulative reporting.

From April 2019 onwards, AMCs will have to submit the MCR to in the new format by the third working day of each month, the Securities and Exchange Board of India (Sebi) said in a circular.

Under the existing guidelines, a mutual fund scheme is permitted to invest certain percentage of AUM in schemes of same mutual fund or other schemes.

In order to avoid such investments being considered by both the investee and investing scheme, the said that the investing scheme will have to exclude the same while reporting the data on AUM in the MCR.

In the monthly cumulative report or MCR, AMCs will have to separately disclose about number of schemes in each segment, including open ended schemes, close ended schemes and equity oriented schemes.

Further, they need to submit information pertaining to number of folios, funds mobilised, repurchase or redemption, net inflow or outflow, net as well as average net asset under management.

First Published: Tue, January 22 2019. 20:28 IST
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