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Disclosure
Remuneration

Disclosure of Executive Remuneration

Pursuant to SEBI circular no. SEBI/HO/IMD/DF2/CIR/P/2016/42 dated March 18, 2016, SEBI has mandated the Mutual Funds/ Asset Management Companies to make the following disclosures pertaining to a financial year on the MF/AMC website.
  1. In partial modification of the above mentioned circular, para C of the circular pertaining to disclosure of executive remuneration shall read as under:
  2. “With the underlying objective to promote transparency in remuneration policies so that executive remuneration is aligned with the interest of investors, MFs/AMCs shall make the following disclosures pertaining to a financial year on the MF/AMC website under a separate head - 'Remuneration':
  3. Name, designation and remuneration of Chief Executive Officer (CEO), Chief Investment Officer (CIO) and Chief Operations Officer (COO) or their corresponding equivalent by whatever name called.
  4. Name, designation and remuneration received by top ten employees in terms of remuneration drawn for that financial year.
  5. Name, designation and remuneration of every employee of MF/AMC whose:
    1. Annual remuneration was equal to or above one crore and two lakh for that financial year.
    2. Monthly remuneration in the aggregate was not less than eight lakh and fifty thousand rupees per month, if the employee is employed a part of that financial year.
  6. The ratio of CEO's remuneration to median remuneration of MF/AMC employees.
  7. MF's total AAUM, debt AAUM and equity AAUM and rate of growth over last three years.
The underlying objective of the said SEBI circular was to promote transparency in remuneration policies so that executive remuneration is aligned with the interest of investors, MFs /AMCs.
Details of remuneration of executives and other personnel of Sundaram Asset Management Company Limited