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    <description>SEBI prescribes a revised Monthly Cumulative Report (MCR) format to be used by AMCs from April 2019 and mandates submission by the third working day of each month. The circular requires that inter scheme investments be excluded by the investing scheme when reporting AUM to prevent double counting, sets AAUM as the average daily AUM for the month, and provides a detailed annexure enumerating scheme categories and reporting fields for consistent aggregation.</description>
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