|Auditors fee for the inspection of Mutual Funds - (03-08-2009)|
|Fee structure for inspection of mutual funds, from the year 2008-09:|
||Fees (in Rs.)
||70,000 for the first Rs. 100 Crores + Rs. 15,000 for every additional Rs. 100 Crores|
||2,05,000 for the first 1000 Crores + Rs. 15,000 for every additional Rs. 300 Crores|
||3,55,000 for the first 4000 Crores + Rs.20,000 for every additional Rs. 2000 Crores|
||Rs. 4,65,000 for the first 15000 Crores + Rs. 22,500 for every additional Rs. 3000 Crores |
||6,15,000 for the first 35000 Crores + Rs. 27,500 for every additional Rs. 4000 Crores with maximum of Rs.8,00,000|
||65001 and above Crores
- The fund size is to be determined on the basis of the average net assets value of all schemes as at the beginning and close of the inspection period.
- Fees mentioned above cover one year functioning of a Mutual Fund. If the inspection period covers more or less than one year, then the fee payable would be effective pro rata.
- The out of pocket expenses would be payable only for traveling, if any, out of the headquarters which should be reimbursed on a reasonable basis.