ICAI MATTERS
| Auditors fee for the inspection of Mutual Funds - (03-08-2009) Mon, 03 Aug 2009 |
| Auditors fee for the inspection of Mutual Funds - (03-08-2009) 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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