SEBI Proposes Limiting Public Disclosure of Asset Management Company Executive Salaries
India's Securities and Exchange Board of India (SEBI) has proposed restricting detailed salary disclosures of senior executives at asset management companies (AMCs) to group-level reporting instead of individual disclosure. Currently, investors receive remuneration details for top executives and the ten highest-paid employees, but SEBI's new proposal would reduce this transparency citing limited investor interest and privacy concerns. The proposal represents a significant shift toward less granular disclosure despite SEBI's stated commitment to transparency, with public comments due by June 30, 2026.
SEBI released a consultation paper on June 10, 2026, proposing to change how AMC executive compensation is disclosed to investors. Under the current system, unitholders receive individual salary information for the CEO, CIO, COO, the top ten most-paid employees, and anyone earning above ₹1.02 crore. The new proposal would aggregate this into group-level disclosure and make fund manager salary information available only upon request rather than publicly. The mutual fund industry justified the change by arguing that granular salary data has limited value to unitholders (who lack direct ownership rights unlike shareholders) and raised privacy and data protection concerns. The proposal is notable given SEBI Chairperson Tuhin Kanta Pandey's public advocacy for improved disclosure standards. SEBI is also seeking public input on whether fund manager salaries should be disclosed only to requesting unitholders or published on websites, and whether additional safeguards are needed. The consultation period closes on June 30, 2026.
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- The HinduCenter
SEBI proposes to limit salary disclosure of AMC top employees
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