As per the existing provision, a mutual fund scheme is permitted to invest certain percentage of its AUM in schemes of same mutual fund or other mutual fund. So, in order to avoid such investments being considered by both the investee and investing scheme, the market regulator, SEBI has revised the format of monthly cumulative report and clarified that the investing scheme shall exclude the same while reporting the data on AUM in the MCR.
from taxmann.com News http://bit.ly/2RXNt3e
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