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Home Disclosure Of Executive Remuneration

DISCLOSURE OF EXECUTIVE REMUNERATION

  • Pursuant to para 5.12 of SEBI Master Circular for Mutual Funds dated June 27, 2024 SEBI has mandated the Mutual Funds/ Asset Management Companies to make the following disclosures pertaining to a financial year on the MF/AMC website.
  • “With the underlying objective to promote transparency in remuneration policies so that executive remuneration is aligned with the interest of investors, MFs/AMCs shall make the following disclosures pertaining to a financial year on the MF/AMC website under a separate head – 'Remuneration':
    1. Name, designation and remuneration of Chief Executive Officer (CEO), Chief Investment Officer (CIO) and Chief Operations Officer (COO) or their corresponding equivalent by whatever name called.
    2. Name, designation and remuneration received of all employees of MF/AMC whose
      • Annual remuneration was equal to or above one crore and two lakh rupees for that financial year;
      • Monthly remuneration in the aggregate was not less than eight lakh and fifty thousand rupees per month, if the employee is employed for a part of that financial year.
    3. The ratio of CEO's remuneration to median remuneration of MF/AMC employees.
    4. MF's total AAUM, debt AAUM and equity AAUM and rate of growth over last three years.
  • I understand that the remuneration details (herein after referred to as "data" ™) provided are sensitive and personal and therefore is being furnished strictly for servicing my specific request for the same.
  • I understand that, no part of this data should be reproduced, shared, published, distributed, displayed, performed, copied, or stored for public or private use in any information retrieval system, or transmitted in any form by any mechanical, photographic or electronic process, including electronically or digitally on the internet or World Wide Web, or over any network, or local area network.
  • I understand that, no part of this data should be modified or changed or exploited in any way, or used to construct any kind of database, or mirrored at any other location.
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