Securities and Exchange Board of India
CIRCULAR
SEBI/HO/IMD/DF3/CIR/P/2019/020
January 22, 2019
All Mutual Funds/Asset Management Companies (AMCs)/ Trustee Companies/Boards of Trustees of Mutual Funds
Association of Mutual Funds in India (AMFI)
Sub: Revised Monthly Cumulative Report (MCR)
Please refer to SEBI circular MF/CIR/07/404/2000 dated July 31, 2000 and subsequent relevant circulars prescribing the format for reporting of Monthly Cumulative Report (MCR).
In line with SEBI circulars dated October 6, 2017 and December 4, 2017 on “Categorization and Rationalization of Mutual Fund Schemes”, the format of MCR has been revised and the same is placed at Annexure-A.
Accordingly, from April 2019 onwards, AMCs shall submit the MCR to SEBI in the revised format by the 3rd working day of each month.
As per the existing provision, a Mutual Fund scheme is permitted to invest certain percentage of its AUM in schemes of same Mutual Fund or other Mutual Funds. In order to avoid such investments being considered by both the investee and investing scheme, it is clarified that the investing scheme shall exclude the same while reporting the data on AUM in the MCR.
This circular is issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, read with the provisions of Regulation 77 of SEBI (Mutual Funds) Regulations, 1996, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
Yours faithfully,
Deena Venu Sarangadharan
Deputy General Manager
Tel No: 022-26449266
Email: [email protected]
Encl: As above
