SEBI headquarters.
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Securities and Exchange Board of India (SEBI) has proposed to disclose senior executive salary only as a group, from the current individual level disclosure, according to the consultation paper released on June 10, effectively reducing the current information available to investors.Currently, unitholders get the remuneration details of CEO, CIO and COO, in addition to the top ten most paid employees and those earning above ₹1.02 crore. The current consultation paper is to propose that this be changed to employee group level disclosure, effectively reducing the current level of transparency. Further, SEBI proposed that the remuneration of fund managers can be given on “request basis.” The proposal is made after feedback from the mutual fund industry that this information was of “limited incremental interest to investors,” besides saying that the granular disclosure was not required for mutual funds as investors are “unitholders rather than shareholders, and do not exercise direct ownership rights over the AMC.” Further, AMCs felt that there were “privacy and data protection” concerns.The proposal comes even as SEBI Chairperson Tuhin Kanta Pandey has been a constant and vocal advocate of improved disclosure and transparency. SEBI has also asked whether fund manager salaries should be disclosed only to unit holders on request or to everybody on the website. Further, SEBI has left to public opinion if more AMCs need more safeguards to provide such access. The public can submit this comment before June 30 2026. Published - June 11, 2026 03:24 am IST
