SEBI has revised reporting norms for mutual funds. The new Monthly Cumulative Report (MCR) will capture details such as no. of folios in each scheme, gross inflows, net inflows/outflows, net AUM, Average AUM and so on. AMCs will have to do such reporting at scheme level.
The revised MCR is in line with the categorization and rationalization of mutual fund schemes that aims to eliminate duplication in offerings across schemes within the fund house. The new report directs fund house to put one scheme in each category.
The new reporting norms will come into effect from April 1, 2019. AMCs will have to ensure that they share the report within three working days of the month.