Auditors fee for the inspection of Mutual Funds - (03-08-2009)
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| Fee structure for inspection of mutual funds, from the year 2008-09: |
| Sl. No. |
Category |
AUM |
Fees (in Rs.) |
| 01 |
A |
0-100 Crores |
70,000 |
| 02 |
B |
101-1000 Crores |
70,000 for the first Rs. 100 Crores + Rs. 15,000 for every additional Rs. 100 Crores |
| 03 |
C |
1001-4000 Crores |
2,05,000 for the first 1000 Crores + Rs. 15,000 for every additional Rs. 300 Crores |
| 04 |
D |
4001-15000 Crores |
3,55,000 for the first 4000 Crores + Rs.20,000 for every additional Rs. 2000 Crores |
| 05 |
E |
15001-35000 Crores |
Rs. 4,65,000 for the first 15000 Crores + Rs. 22,500 for every additional Rs. 3000 Crores |
| 06 |
F |
35001-65000 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 |
| 07 |
G |
65001 and above Crores |
850000 | |
- 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.
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