Monthly Reporting of Portfolio Managers

Monthly Reporting of Portfolio Managers

SEBI/HO/IMD/DF1/CIR/P/2021/02 January 08, 2021

 

  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.

 

  1. In order to broaden the information obtained under monthly reports, certain modifications are specified in the format enclosed in Annexure A.

 

  1. The provisions of this circular shall be applicable for monthly reports submitted for January 2021 onwards.

 

  1. 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.

 

  1. This circular is available on SEBI website at sebi.gov.in under the categories “Circulars” and “Info for – Portfolio Managers”.

 


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

Mutual Funds

Others

Total

 

Listed

Unlisted

Listed

Unlisted

Listed

Unlisted

Equity

Commodity

Others

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I. 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)

 

 

 

 

 

 

 

 J. 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

 

K. 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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