CIRCULAR,
CIR/IMD/DF/07/2014, dated 2nd April, 2014
All Mutual
Funds/Asset Management Companies (AMCs)/
Trustee
Companies/Boards of Trustees of Mutual Funds/
Association of
Mutual Funds in India (AMFI)
Disclosures
pertaining to Assets Under Management
I. Please refer to
SEBI circular no. CIR/IMD/DF/05/2014 dated March 24, 2014 captioned 'Enhancing
disclosures, investor education & awareness campaign, developing
alternative distribution channels for Mutual Fund products, etc'. It has been
decided that, in Para A of the aforementioned circular, the term 'Asset under Management
(AUM)' shall be read as 'Monthly Average Asset under Management (Monthly
AAUM)'. Accordingly, data to be disclosed as per the format at annexure A1 and
A2 of the aforesaid circular shall be Monthly AAUM instead of AUM.
II. This circular
is issued in exercise of the powers conferred under Section 11 (1) of the
Securities and Exchange Board of India Act 1992, read with the provision of Regulation
77 of SEBI (Mutual Funds) Regulation, 1996 to protect the interests of investors
in securities and to promote the development of, and to regulate the securities
market.
.
.
.
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