Remuneration

 
 
SEBI vide its circular no. SEBI/HO/IMD/DF2/CIR/P/2016/42 dated March 18, 2016 and SEBI/HO/IMD/DF2/CIR/P/2017/35 dated April 28, 2017 has mandated the Mutual Funds /Asset Management Companies to make the following disclosures pertaining to a financial year on the website under a separate head – 'Remuneration':
 
     
 
  1. 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.
  2. Name, designation and remuneration received by top ten employees in term of remuneration drawn for that financial year.
  3. Name, designation and remuneration received of all employees of MF/AMC whose: a. Annual remuneration was equal to or above INR 1.2 crores for that financial year. b. Monthly remuneration in the aggregate is not less than INR 8.5 lakhs per month, if the employee is employed for a part of that financial year.
  4. The ratio of CEO's remuneration to median remuneration of MF/AMC employees.
  5. MF's total AAUM, debt AAUM and equity AAUM and rate of growth over last three years.
 
 
  1. Click here for Executive Remuneration
  2. Ratio of Managing Director's remuneration to median remuneration of KOTAK AMC Employees for the F.Y. 2016-2017: 82.70:1
  3. Details of Average Assets under Management (AAUM) of KOTAK MAHINDRA Mutual Fund and rate of growth over last 3 years:
      Total AAUM (Rs. in Crores) % of Growth over the previous F.Y. Debt AAUM(Rs. in Crores) % of Growth over the previous F.Y. Equity AAUM (Rs. in Crores) % of Growth over the previous F.Y.
    F.Y.2016-2017 76,590 40% 56,645 38% 19,945 46%
    F.Y.2015-2016 54,746 42% 41,059 28% 13,686 112%
    F.Y.2014-2015 38,587 8% 32,137 -1% 6,450 108%
 
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