Securities and Exchange Board of India
CIRCULAR
SEBI/HO/IMD/DF1/CIR/P/2021/02
January 08, 2021
To,
All Portfolio Managers
Dear Sir/ Madam,
Sub: Monthly Reporting of Portfolio Managers
1. Securities and Exchange Board of India (SEBI) had mandated certain changes to the regulatory framework for Portfolio Managers vide circular no. SEBI/HO/IMD/DF1/CIR/P/2020/26 dated February 13, 2020. In terms of para no. D(11) of the said circular, Portfolio Managers are required to submit a monthly report regarding their portfolio management activity, on SEBI Intermediaries Portal within 7 working days of the end of each month, as per a prescribed format.
2. In order to broaden the information obtained under monthly reports, certain modifications are specified in the format enclosed in Annexure A.
3. The provisions of this circular shall be applicable for monthly reports submitted for January 2021 onwards.
4. 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 43 of the SEBI (Portfolio Managers) Regulations, 2020, to protect the interests of investors in securities market and to promote the development of, and to regulate the securities market.
5. This circular is available on SEBI website at sebi.gov.in under the categories “Circulars” and “Info for – Portfolio Managers”.
Yours faithfully,
Manaswini Mahapatra
General Manager
+91-22-26449375
[email protected]
Annexure – A
Format for Monthly Report to SEBI
Report for the month of______ FY
Type of Services Offered
| Sl. No. | Type of Service Offered | Whether the service is offered |
| 1 | Discretionary Service | Yes/No |
| 2 | Non-Discretionary Service | Yes/No |
| 3 | Advisory Service | Yes/No |
I. Data for Discretionary Services
A. Break-up of clients of the Portfolio Manager
| Particulars | Domestic Clients | Foreign Clients | |||||
| PF/ EPFO | Corporates | Non- Corporates | Non Residents | FPI | Others | Total | |
| No. of unique Clients as on last day of the month | |||||||
| Assets under Management (AUM) as on last day of the month | |||||||
B. Break-up of assets under management of the Portfolio Manager
Investment Approach |
Assets Under Management as on last day of the month (in INR crores) |
|||||||||||
Equity |
Plain Debt |
Structured Debt |
Derivatives |
Mu-tual Funds |
Others |
Total |
||||||
Listed |
Unli-sted |
Listed |
Unli-sted |
Lis-ted |
Unli-sted |
Equity |
Com-modity |
Oth-ers |
||||
Approach 1 |
||||||||||||
Approach 2 |
||||||||||||
— |
||||||||||||
Approach ‘N’ |
||||||||||||
Total |
||||||||||||
C. Funds Inflow/ Outflow
| Investment Approach | Funds Inflow/Outflow in the Approach During the Month | Funds Inflow/Outflow in the Approach During the FY | ||||
| Inflow during the month (in INR crores) | Outflow during the month (in INR crores) | Net Inflow (+ve)/ Outflow (-ve) during the month (in INR crores) | Inflow during the FY since April 01 to __ (in INR crores) | Outflow during the FY since April 01 to _ (in INR crores) | Net Inflow (+ve)/ Outflow (-ve) during the FY since April 01 to __ (in INR crores) | |
| Approach 1 | ||||||
| Approach 2 | ||||||
| — | ||||||
| Approach ‘N’ | ||||||
| Total | ||||||
D. Transaction Data
| Sl. No. | Particulars | Figures |
| 1 | Sales in the month (in INR crores ) | |
| 2 | Purchases in the month (in INR crores ) | |
| 3 | Portfolio Turnover Ratio = (Higher of Purchases or Sales in the month /Average AUM) |
Note: Average AUM to be computed based on daily average E. Performance Data
| Investment Approach | AUM (in INR Cr) | Returns (%) | Portfolio Turnover Ratio | ||
| 1 month | 1 year | 1 month | 1 year | ||
| Investment Approach 1 | |||||
| Benchmark 1 | |||||
| Investment Approach 2 | |||||
| Benchmark 2 | |||||
| Investment Approach ‘N’ | |||||
| Benchmark ‘N’ | |||||
| Total | |||||
II. Data for Non- Discretionary Services
F. Break-up of clients of the Portfolio Manager
| Particulars | Domestic Clients | Foreign Clients | |||||
| PF/ EPFO |
Corporates | Non- Corporates | Non Residents | FPI | Others | Total | |
| No. of unique Clients as on last day of the month | |||||||
| Assets under Management (AUM) as on last day of the month | |||||||
G. Break-up of assets under management of the Portfolio Manager
Assets Under Management as on last day of the month (in INR crores) |
|||||||||||
Equity |
Plain Debt |
Structured Debt |
Derivatives |
Mutual
|
Others |
Total |
|||||
Listed |
Unlisted |
Listed |
Unlisted |
Listed |
Unlisted |
Equity |
Commodity |
Others |
|||
H. Funds Inflow/ Outflow
| Funds Inflow/Outflow During the Month | Funds Inflow/Outflow During the FY | ||||
| Inflow during the month (in INR crores) | Outflow during the month (in INR crores) | Net Inflow (+ve)/ Outflow (-ve) during the month (in INR crores) | Inflow during the FY since April 01 to ____ (in INR crores) | Outflow during the FY since April 01 to ____ (in INR crores) | Net Inflow (+ve)/ Outflow (-ve) during the FY since April 01 to ____ (in INR crores) |
I. Transaction Data
| Sl. No. | Particulars | Figures |
| 1 | Sales in the month (in INR crores ) | |
| 2 | Purchases in the month (in INR crores ) | |
| 3 | Portfolio Turnover Ratio = (Higher of Purchases or Sales in the month /Average AUM) |
Note: Average AUM to be computed based on daily average
J. Performance Data
| AUM (in INR Cr) | Returns (%) | Portfolio Turnover Ratio | ||
| 1 month | 1 year | 1 month | 1 year | |
III. Data for Advisory Services
K. Break-up of client base of the Portfolio Manager
| Type of Client | Domestic Clients | Foreign Clients | |||||
| PF/ EPFO | Corporates | Non-Corporates | Non
Residents |
FPI | Others | Total | |
| No. of Clients as on last day of the month | |||||||
| Value of the Assets for which Advisory Services are being given (Amount in INR crores) |
|||||||
IV. Data on Complaints
| Type of Client | Total No. of complaints | |||
| Pending at the beginning of the month | Received during the month | Resolved during the month | Pending at the end of the month | |
| Domestic – PF/ EPFO | ||||
| Domestic Corporates | ||||
| Domestic Non- Corporates | ||||
| Foreign – NR | ||||
| Foreign – FPI | ||||
| Foreign -Others | ||||
| Total | ||||
Note: Data on investor complaints registered through SCORES or which are directly received by Portfolio Manager to be provided
