Schedule - 02 - Fees - Securities and Exchange Board of India (Mutual Funds) Regulations, 1996

SECOND SCHEDULE Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 [Regulations 4, 9, 12, 28(2)] FEES I. A. Application fees payable by mutual funds Rupees 1 [ 2 [five] lakh] B. Registration fees payable by mutual funds Rupees 3 [twenty five lakhs] 4 [C. Annual fees payable by mutual funds Average Assets under Management (AAUM) as on 31st March Annual Fee AAUM up to Rs.. 10,000 crore 0.0015 per cent of the AAUM Part of AAUM above Rs. 10, 000 crore 0.0010 per cent of the portion of AAUM in excess of ten thousand crore rupees subject to a minimum of Rs.. 2,50,000 and a Maximum of Rs.. 1,00, 00, 000.] 5 [ D.Filing fees for offer documents 6 [and placement memoranda] 7 [ 8 [0.005]]] per cent of the amount raised in the new fund offer 9 [or by way of private placement, as the case may be], subject to a minimum of rupees 10 [two lakh] and a maximum of rupees fifty lakhs.] 12 [ II. The fees referred to in clause I above, shall be paid by way of direct credit into the bank account through NEFT/RTGS/IMPS or online payment using the SEBI Payment Gateway or any other mode as may be specified by the Board from time to time. ] ************** NOTES:- 1 Substituted for twenty five thousand by the SEBI (Mutual Funds) (Third Amendments) Regulations, 2006 w.e.f. 3-8-2006. 2 Substituted for one by SEBI (Payment of fees) (Amendment) Regulations, 2014 w.e.f. 23-05-2014 3 Substituted for fifty lakhs by the SEBI (Payment of fees) (Amendment) Regulations, 2008 w.e.f.01-04-2008. Earlier substituted for twenty five lakhs by the SEBI (Mutual Funds) (Third Amendment) Regulations, 2006 w.e.f.3-8-2006 4 Substituted by the SEBI (Payment of fees) (Amendment) Regulations, 2014 w.e.f. 23-05-2014. Prior to its substitution, sub-paragraph C, as amended by SEBI (Mutual Funds) (Third Amendment) Regulations, 2006 w.e.f. 3-8-2006, read as under: C. Annual fees payable by mutual funds Net Assets as on 31st March Service fee payable Up to ₹ 500 crores. Rs.2.50 lakhs Above ₹ 500 crores and up to ₹ 1,000 crores. Rs.3.50 lakhs Above ₹ 1,000 crores and up to ₹ 3,000 crores. Rs.4.50 lakhs Above ₹ 3,000 crores and up to ₹ 5,000 crores. Rs.5.50 lakhs Above ₹ 5,000 crores and up to ₹ 10,000 crores. Rs.6.50 lakhs Above ₹ 10,000 crores. Rs.7.50 lakhs The above revised service fee structure shall be effective from the Financial year 2003-2004. 5 Substituted by the SEBI(Payment of Fees) (Amendment) Regulations, 2008, w.e.f. 1-4-2008. Prior to its substitution, item D as amended by SEBI(Mutual Funds) (Amendment) Regulations, 2007, w.e.f 28-5-2007 and SEBI(Mutual Funds) (Third Amendment) Regulations, 2006, we.f. 3-8-2006, read as under: D. Filing fees for offer documents 6 Inserted by the SEBI (Mutual Funds) (Amendment) Regulations, 2013, w.e.f. 16-4-2013. 7 Substituted by the SEBI (Payment of Fees) (Amendment) Regulations, 2008, w.e.f.01-04-2008. Prior to substitution, item D read as under; [0.03 per cent of the amount raised in the new fund offer, subject to a minimum of rupees one lakh and a maximum of rupees one crore]*. * Substituted by the SEBI (Mutual Funds) (Amendment) Regulations, 2007, w.e.f.28-05-2007. Prior to substitution, it read as under; [0.03 percent of the amount raised in the new fund offer, subject to a minimum of rupees one lakh] substituted by the SEBI (Mutual Funds) (Third Amendment) Regulations, 2006 w.e.f.3-8-2006 for rupees twenty five thousand . 8 Substituted by the SEBI (Payment of fees) (Amendment) Regulations, 2014 w.e.f. 23-05-2014, for the figure 0.0020 . Earlier substituted by the SEBI (Payment of Fees) (Amendment) Regulations, 2009, w.e.f. 01-07-2009, for the figure .005 . 9 Inserted by the SEBI (Mutual Funds) (Amendment) Regulations, 2013, w.e.f. 16-4-2013. 10 Substituted by the SEBI (Payment of fees) (Amendment) Regulations, 2014 w.e.f. 23-05-2014, for the words one lakh . 11 Inserted by the SEBI (Payment of Fees and Mode of Payment) (Amendment) Regulations, 2017, w.e.f. 6-3-2017. 12. Substituted vide Notification No. SEBI/LAD-NRO/GN/2023/121, dated 07-02-2023 , before it was read as, II. The fees referred to in clause I above, shall be paid 11 [by way of direct credit in the bank account through NEFT/RTGS/IMPS or any other mode allowed by RBI or] by means of a bank draft payable to the Securities and Exchange Board of India at Mumbai.