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Friday, March 20, 2009

Sebi issues new portfolio format for debt oriented close-ended and interval schemes/plans

To be made available on every 3rd working day of succeeding month

Securities and Exchange Board of India (Sebi) has issued a circular stating a new format to AMCs for disclosing the portfolio of debt oriented close-ended and interval schemes/plans on a monthly basis on their respective websites in order to enhance the transparency of portfolio. The new disclosure of the portfolio as on the last day of the month shall be made on or before 3rd working day of succeeding month. For example, portfolio as of 31 March 2009 shall be disclosed by 4 April 2009 – 3 April 2009 being a non working day.

This circular is issued under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, read with the provisions of Regulation 77 of the SEBI (Mutual Funds) Regulations, 1996, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.

The format is:

MONTHLY PORTFOLIO DISCLOSURE

Portfolio as on

Name of the Scheme

Sr. No.

Name of the Instrument

Market Value (in Rs. lakh)

% to Net Assets of the scheme

A

Bonds & Debentures of :

(I)

Private Corporate Bodies

(II)

PSUs

(III)

Banks/FI (including NBFC)

(IV)

Others

Sub Total (A=I+II+III+IV)

B

Securitised Debt Instruments

(V)

Single Loan

(VI)

Pool

Sub Total (B=V+VI)

C

Money Market Instruments

(VII)

CPs

(VIII)

CDs

(IX)

T Bills

(X)

CBLOs/Repos

(XI)

Bills Rediscounting/BRDS

(XII)

Others

Sub Total (C=VII+VIII+IX+X+XI+XII)

D

Government Securities

E

Fixed Deposits

F

Cash and Net Current Assets

G

Others (Pls specify)

Net Assets (A+B+C+D+E+F+G)

Any downgrading of securities after the last disclosure may be disclosed by way of notes.

For items A - E issuer wise details may be given by providing the link, which will include:

A

Bonds & Debentures

Category of Issuer

Name of the Issuer

Market Value (in Rs. lakh)

Rating

% to Net Assets of the scheme

(I)

(II)

(III)

(IV)

B

Securitised Debt Instruments

(V)

Single Loan

Obligor

Originator

Trust Details

Name of Guarantor/ Details of underlying Security

Level of guarantee (as % of loan)

Market Value (in Rs. lakh)

Rating

(VI)

Pool

Originator

Seller

Trust Details

Type of Pool

Credit enhancement (as % of loan)

Market Value (in Rs. lakh)

Rating

C

Money Market Instruments

Name of the Issuer

Market Value (in Rs. lakh)

Rating

% to Net Assets of the scheme

(VII)

(VIII)

(IX)

(X)

(XI)

(XII)

D

Government Securities

Details of Securities

Market Value (in Rs. lakh)

% to Net Assets of the scheme

E

Fixed Deposits

Bank Name

Amount (in Rs. lakh)

% to Net Assets of the scheme

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