CEO salaries have gone up at the country’s biggest mutual funds on robust business growth, but several smaller players making losses or little profit have also paid crores to their top executives.
The disclosure follows a diktat from markets regulator Sebi to all fund houses to make public the salaries of their top managements so that investors are aware of the payouts.
While top fund houses like ICICI Prudential, HDFC and Reliance MFs have made clear disclosures in this regard by the Sebi deadline of 30 April for the 2016-17 fiscal, some others appear to have made it difficult for the investors to directly access the information.
Some of them are also asking investors to provide details like folio numbers before sharing the information, while a few others are informing those trying to access the salary information that the details would be sent to them directly in a day or two.
