Revision of Monthly Cumulative Report (MCR)
Summary
SEBI issues a circular revising the Monthly Cumulative Report (MCR) format for mutual funds effective January 2021. The revision aims to enhance transparency in reporting segregated portfolios following the introduction of new scheme categories. All other conditions from the previous circular remain unchanged, and the revised format is provided in Annexure A.
Text
Pursuant to introduction of a new scheme category and to bring transparency in reporting of segregated portfolios, it has been decided to modify MCR format from January 2021 onwards. The revised format of MCR is enclosed as Annexure A.
All other conditions specified in the above mentioned circular shall remain unchanged.
This circular is issued in exercise of the powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, read with Regulation 77 of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
Source: SecMarx — Revision of Monthly Cumulative Report (MCR). Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.