Executive Summary:
This circular from the Securities and Exchange Board of India (SEBI) announces a revision to the format of the Monthly Cumulative Report (MCR) for Mutual Funds (MFs) and Asset Management Companies (AMCs). The revised format, included as Annexure A, is effective from January 2021 onwards. All other conditions specified in the original circular dated January 22, 2019, remain unchanged.
Key Points / Main Content:
* **MCR Format Revision:**
* The MCR format has been modified to reflect the introduction of a new scheme category and to enhance transparency in reporting segregated portfolios.
* The revised MCR format is provided in Annexure A of the circular.
* **Effective Date:**
* The revised MCR format is effective from January 2021 onwards.
* **Unchanged Conditions:**
* All other conditions outlined in SEBI Circular No. SEBI/HO/IMD/DF3/CIR/P/2019/020 dated January 22, 2019, remain in effect.
Impact Analysis:
Mutual Funds (MFs) / Asset Management Companies (AMCs) / Trustee Companies / Board of Trustees of Mutual Funds / Association of Mutual Funds in India (AMFI)
* Impact: Affected by changes to reporting requirements.
* Action Required: Implement the revised MCR format for monthly reporting starting January 2021.
Key Entities Referenced
Securities and Exchange Board of India: Regulatory body for securities market in India.
Mutual Funds (MFs): Collective investment schemes.
Asset Management Companies (AMCs): Companies that manage the assets of a mutual fund.
Association of Mutual Funds in India (AMFI): Industry association of mutual funds in India.
Monthly Cumulative Report (MCR): A report on mutual fund activities.
Securities and Exchange Board of India Act, 1992: Law that established SEBI and defines its powers.
Securities and Exchange Board of India Mutual Funds Regulations, 1996: Regulations governing the operation of mutual funds in India.
Annexure A: Revised format of Monthly Cumulative Report (MCR).
¼ããÀ¦ããè¾ã ¹ãÆãä¦ã¼ãîãä¦ã ‚ããõÀ ãäÌããä¶ã½ã¾ã ºããñ¡Ã
Securities and Exchange Board of India
CIRCULAR
SEBI/HO/IMD/DF3/CIR/P/2021/014 January 29, 2021
All Mutual Funds (MFs)/
Asset Management Companies (AMCs)/
Trustee Companies/ Board of Trustees of Mutual Funds/
Association of Mutual Funds in India (AMFI)
Sir / Madam,
Sub: Revision of Monthly Cumulative Report (MCR)
1. Please refer to SEBI Circular No. SEBI/HO/IMD/DF3/CIR/P/2019/020 dated
January 22, 2019 prescribing the format for reporting of Monthly Cumulative
Report (MCR).
2. Pursuant to introduction of a new scheme category and to bring transparency
in reporting of segregated portfolios, it has been decided to modify MCR
format from January 2021 onwards. The revised format of MCR is enclosed
as Annexure A.
3. All other conditions specified in the above mentioned circular shall remain
unchanged.
4. 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
Regulation 77 of the Securities and Exchange Board of India (Mutual Funds)
Regulations, 1996 to protect the interests of investors in securities and to
promote the development of, and to regulate the securities market.
Bithin Mahanta
General Manager
Tel no.: 022-26449634
Email: bithinm@sebi.gov.in
Page 1 of 4¼ããÀ¦ããè¾ã ¹ãÆãä¦ã¼ãîãä¦ã ‚ããõÀ ãäÌããä¶ã½ã¾ã ºããñ¡Ã
Securities and Exchange Board of India
Annexure A
Name of the Mutual Fund:_________________
MCR for the month of _______ (Month), 20XX
Sr. Scheme Category No. of No. Funds Repurchase Net Inflow Net Average Net No. of Net Assets
No. schem of mobilize / (+ve)/ Assets Assets segrega Under
es as Foli d for the Redemption Outflow (- Under under ted Managemen
on os period for the ve) for the Manage Managemen portfolio t in
____ as (Since period period ment as t for the s segregated
on April 01, (Since April (Since April on ____ _____, 20XX created portfolios
____ 20XX 01, 20XX to 01, 20XX to (Month as on as on
to____) _____) _____) INR in Year) ____ ______
crore
INR in INR in INR in INR in INR in
crore crore crore crore crore
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
A Open ended Schemes
I Income/Debt Oriented
Schemes
i. Ove rnight Fund
ii. Liqu id Fund
iii. Ultr a Short Duration Fund
iv. Low Duration Fund
v. Mon ey Market Fund
vi. Sho rt Duration Fund
vii. Med ium Duration Fund
viii. Med ium to Long Duration
Fund
ix. Lon g Duration Fund
x. Dyn amic Bond Fund
xi. Cor porate Bond Fund
xii. Cre dit Risk Fund
xiii. Ban king and PSU Fund
xiv. Gilt Fund
xv. Gilt Fund with 10 year
constant duration Fund
xvi. Floa ter Fund
Sub total - I
II Growth/Equity Oriented
Schemes
i. Mul ti Cap Fund
ii. Larg e Cap Fund
iii. Larg e & Mid Cap Fund
iv. Mid Cap Fund
v. Sma ll Cap Fund
vi. Divi dend Yield Fund
vii. Valu e Fund/Contra Fund
viii. Foc used Fund
ix. Sec toral/Thematic Funds
x. ELS S
xi. Flex i Cap Fund
Sub total - II
III Hybrid Schemes
i. Con servative Hybrid Fund
Page 2 of 4¼ããÀ¦ããè¾ã ¹ãÆãä¦ã¼ãîãä¦ã ‚ããõÀ ãäÌããä¶ã½ã¾ã ºããñ¡Ã
Securities and Exchange Board of India
Name of the Mutual Fund:_________________
MCR for the month of _______ (Month), 20XX
Sr. Scheme Category No. of No. Funds Repurchase Net Inflow Net Average Net No. of Net Assets
No. schem of mobilize / (+ve)/ Assets Assets segrega Under
es as Foli d for the Redemption Outflow (- Under under ted Managemen
on os period for the ve) for the Manage Managemen portfolio t in
____ as (Since period period ment as t for the s segregated
on April 01, (Since April (Since April on ____ _____, 20XX created portfolios
____ 20XX 01, 20XX to 01, 20XX to (Month as on as on
to____) _____) _____) INR in Year) ____ ______
crore
INR in INR in INR in INR in INR in
crore crore crore crore crore
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
ii. Bala nced Hybrid Fund/
Aggressive Hybrid Fund
iii. Dyn amic Asset Allocation /
Balanced Advantage Fund
iv. Mul ti Asset Allocation Fund
v. Arb itrage Fund
vi. Equ ity Savings Fund
Sub total - III
IV Solution Oriented
Schemes
i. Ret irement Fund
ii. Chil drens' Fund
Sub total - IV
V Other Schemes
i. Inde x Funds
ii. Gol d ETFs
iii. Oth er ETFs
iv. Fun d of funds investing
overseas
Sub total - V
Total A-Open ended
Schemes
B Close Ended Schemes
I Income/Debt Oriented
Schemes
i. Fixe d Term Plan
ii. Cap ital Protection Oriented
Schemes
iii. Infra structure Debt Fund
iv. Oth er Debt Scheme
Sub total - I
II Growth/Equity Oriented
Schemes
i. ELS S
ii. Oth er Equity Schemes
Sub total - II
Page 3 of 4¼ããÀ¦ããè¾ã ¹ãÆãä¦ã¼ãîãä¦ã ‚ããõÀ ãäÌããä¶ã½ã¾ã ºããñ¡Ã
Securities and Exchange Board of India
Name of the Mutual Fund:_________________
MCR for the month of _______ (Month), 20XX
Sr. Scheme Category No. of No. Funds Repurchase Net Inflow Net Average Net No. of Net Assets
No. schem of mobilize / (+ve)/ Assets Assets segrega Under
es as Foli d for the Redemption Outflow (- Under under ted Managemen
on os period for the ve) for the Manage Managemen portfolio t in
____ as (Since period period ment as t for the s segregated
on April 01, (Since April (Since April on ____ _____, 20XX created portfolios
____ 20XX 01, 20XX to 01, 20XX to (Month as on as on
to____) _____) _____) INR in Year) ____ ______
crore
INR in INR in INR in INR in INR in
crore crore crore crore crore
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
III Other Schemes
Total B -Close ended
Schemes
C Interval Schemes
I Income/Debt Oriented
Schemes
II Growth/Equity Oriented
Schemes
III Other Schemes
Total C -Interval Schemes
Grand Total
Fund of Funds Scheme
(Domestic)
Notes:
1. In column number (3), number of schemes shall include series / serial plans
2. In column number (3), segregated portfolios created in a scheme shall not be treated
as a separate scheme.
3. In column number (4), number of folios shall not include folios of segregated portfolios
4. In column number (8) and (9), AUM of segregated portfolios shall be included
5. In column number (9), AAUM is the average of the daily AUM of the Mutual Fund for
the month.
6. In column number (10), number of segregated portfolios created in a scheme can be
more than one
7. Inter scheme investments are excluded from the above data
Page 4 of 4