Fund
houses to start disclosing aggregate commission paid out to distributors also from
FY12
Mumbai: Mutual
Fund houses have started disclosing geography and scheme wise break up of their
assets to comply with SEBI’s recent diktat issued on August 22, 2011.
SEBI had asked AMCs
to bifurcate their AUM into debt/equity/ balanced etc, and percentage of AUM by
geography (i.e. top 5 cities, next 10 cities, next 20 cities, next 75 cities
and others). Fund houses are required to put out this data on their websites.
A few fund houses like Canara Robeco, DSP Black Rock, IDBI, HSBC,
Franklin Templeton and Sundaram have disclosed their geography wise assets on
their respective websites.
In line with the popular belief, more than 50% of MF industry’s
AUM is concentrated in the top five cities while the next top 20 cities account
for around 20% of the business.
Fund houses will also start disclosing aggregate commission paid out to distributors at the end of this financial year.
