Monthly Reporting of Portfolio Managers

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 www.sebi.gov.in under the categories “Circulars” and “Info for - Portfolio Managers”. Yours faithfully, Manaswini Mahapatra General Manager +91-22-26449375 manaswinim@sebi.gov.in Page 1 of 5Annexure – 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 Domestic Clients Foreign Clients PF/ EPFO Corporates Non- Non FPI Others Total Particulars Corporates Residents 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 Assets Under Management as on last day of the month (in INR crores) Approach Equity Plain Debt Structured Debt Derivatives Mutual Others Total Listed Unlisted Listed Unlisted Listed Unlisted Equity Commodity Others Funds Approach 1 Approach 2 --- Approach ‘N’ Total C. Funds Inflow/ Outflow Investment Funds Inflow/Outflow in the Approach During the Funds Inflow/Outflow in the Approach During the FY Approach Month Inflow during Outflow during Net Inflow (+ve)/ Inflow during Outflow during Net Inflow (+ve)/ the month the month Outflow (-ve) the FY since the FY since April Outflow (-ve) during the (in INR crores) (in INR crores) during the month April 01 to ____ 01 to ____ FY since April 01 to ____ (in INR crores) (in INR crores) (in INR crores) (in INR crores) Approach 1 Approach 2 --- Page 2 of 5Approach ‘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 Returns (%) Portfolio Turnover Ratio Investment Approach AUM (in INR Cr) 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 Domestic Clients Foreign Clients PF/ Corporates Non- Non FPI Others Total Particulars EPFO Corporates Residents No. of unique Clients as on last day of the month Assets under Management (AUM) as on last day of the month Page 3 of 5G. 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 Funds 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 Outflow during Net Inflow (+ve)/ Inflow during the FY Outflow during the FY Net Inflow (+ve)/ the month the month Outflow (-ve) since April 01 to ____ since April 01 to ____ Outflow (-ve) during the (in INR crores) (in INR crores) during the month (in INR crores) (in INR crores) FY since April 01 to ____ (in INR crores) (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 Returns (%) Portfolio Turnover Ratio AUM (in INR Cr) 1 month 1 year 1 month 1 year III. Data for Advisory Services K. Break-up of client base of the Portfolio Manager Domestic Clients Foreign Clients PF/ Corporates Non-Corporates Non FPI Others Total Type of Client EPFO Residents 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) Page 4 of 5IV. Data on Complaints Type of Client Total No. of complaints Pending at the beginning Received during Resolved during the Pending at the end of of the month the month month 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 Page 5 of 5