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
Funds
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

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