Overview
- The regulator published a consultation paper on June 10 proposing that AMCs report executive and high‑earner pay in aggregated figures instead of naming individuals and asking for public comments through June 30.
- Under the proposal AMCs would publish total pay for senior roles and the number of employees in each category rather than individual salaries, and scheme‑level totals for fund managers would be supplied only to unitholders who specifically request details for schemes they own.
- SEBI said the change responds to industry concerns about privacy, data misuse and competitive disadvantages when AMCs must reveal named pay that other investment vehicles like PMS and AIFs do not disclose.
- The regulator’s analysis of 51 AMCs found current name‑wise disclosures cover a small slice of staff, around 2–10% in many firms, a point SEBI used to argue for a more proportionate disclosure framework.
- Critics warn the pooled reporting could hide outsized pay for a few ‘star’ managers and weaken governance, and SEBI will decide next steps after reviewing submissions to the consultation process.