Circular HO/24/11/24(62)2026-IMD-RAC4/I/11872/2026; Dated: 19.05.2026
The Securities and Exchange Board of India (SEBI) has revised the format of the Monthly Cumulative Report (MCR) applicable to Mutual Funds following the introduction of new mutual fund scheme categories under the categorisation and rationalisation framework.
The revised reporting format shall be applicable with effect from June 2026.
1. Revision Following Introduction of New Scheme Categories
SEBI has updated the MCR reporting framework to align reporting requirements with newly introduced mutual fund scheme categories under the categorisation and rationalisation framework.
The revision is intended to ensure consistency in regulatory reporting and improve classification-based reporting of mutual fund schemes.
2. Updated MCR Format Issued
SEBI has issued the revised Monthly Cumulative Report (MCR) format through:
- Annexure A – Updated MCR format for Mutual Funds; and
- Annexure B – Separate MCR format for SIF
The revised formats are intended to standardise reporting in line with the updated mutual fund categorisation framework.
3. Separate Reporting Format for SIF
A distinct Monthly Cumulative Report format has been prescribed for SIF, recognising the reporting requirements arising from the revised scheme structure.
This separate reporting mechanism aims to improve regulatory oversight and reporting consistency for the relevant fund category.
4. Effective Date of Implementation
The revised reporting formats shall be effective from June 2026.
Accordingly, Mutual Funds will be required to furnish Monthly Cumulative Reports in the revised format from the applicable reporting period onwards.
5. Other Reporting Requirements Remain Unchanged
SEBI has clarified that all other reporting requirements prescribed under the SEBI Master Circular dated March 20, 2026 shall continue to remain unchanged.
Only the MCR reporting format stands revised, while existing compliance and reporting obligations will continue to apply.
6. Objective of the Revision
The revision aims to align Mutual Fund reporting requirements with the updated categorisation and rationalisation framework, improve consistency in regulatory disclosures and facilitate more structured monitoring of mutual fund schemes by SEBI.
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