Guidelines on Accounting with respect to Indian Accounting Standards (IND AS)

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....atistics for the past 3 years. In this regard, Mutual Fund schemes may not be mandatorily required to restate the previous years published perspective historical per unit statistics as per requirement of IND AS for the first two years from first time adoption of IND AS. However, Mutual Fund schemes shall furnish following additional information in perspective historical per unit statistics: a. Label the previous Generally Accepted Accounting Principles (GAAP) information prominently as not being prepared in accordance with IND AS; and b. Disclose the nature of the adjustments that would be required to make it comply with IND AS. Mutual Funds schemes need not quantify those adjustments. III. The Financial Statements of the Mutual Fund Schemes shall be prepared in the Formats given at Annexure-A. 2. Modification to Para C (2) of SEBI circular CIR/IMD/DF/24/2012 dated November 19, 2012 In order to align with IND AS requirement regarding transactions cost of investment to be expensed out (viz. to be charged to Revenue Account instead of Capitalisation) and as per the amended Regulations 52 (6A)(a) of MF Regulations, the provision of Para C (2) of SEBI c....

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.... 12             Non-Financial Liabilities       Provisions       Other Non-Financial Liabilities 13     Total Liabilities (B)               Net     assets     attributable     to holder of redeemable units       The Notes referred to herein form an integral part of the Balance Sheet  Statement of changes in net asset attributable to unit holders of scheme: Rupees in Lakhs Figures for the current reporting Period     Particulars   Unit Capital (Rs.) Reserves & Surplus (Rs.)     Total (Rs.) Unit Premium Reserves Unrealised Appreciation Reserves   Revenue Reserves Other Reserves (to be specified) Balance at the beginning of the reporting period             Changes in accounting policy/prior period errors       &....

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....nbsp;       Note: Provide break-up of unit capital plan/option wise. Contents of Revenue Account (at Scheme level) Rupees in Lakhs Particulars Note No. Figures for the current reporting Period Figures for the previous reporting period Income       Interest Income       Dividend Income       Rental Income       Gain on fair value changes 14     Gain on Sale/Redemptions of Investments 15     Others ( to be specified)       Total Income (A)               Expenses       Finance Costs       Fees and commission expenses 16     Loss on fair value changes 17     Loss on Sale/Redemptions of  Investments 18     Others ( to be specified) 19     Total Expense (B)               Surplus/ Deficit for the Rep....

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....utual Fund     Commodities (Gold, Silver etc.)     Foreign Securities     Exchange Traded Funds ( ETFs)     Infrastructure Investment Trust units (INVITS)     Real Estate Investment Trust (REITs)     Calls paid in advance     Securitized Assets     Others (to be specified)     Total     Wherever applicable, the assets shall be further classified according to its nature such as • Listed/Awaiting listing/ Unlisted • Convertible/Non-convertible • Investment Grade/Below Investment Grade Note 6 Other Financial assets #   Particulars Figures as at the end of current reporting period Figures as at the end of the previous reporting period Interest Accrued     Dividend Receivable     Margin money     Shares/debentures application money, pending allotment     Others (to be specified)     Total     Note 7 ....

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....rting period Loans/Borrowings     From Reserve Bank of India     From Settlor/Sponsor     From other Commercial Banks     From Triparty Repo (TREPs)     From others ( to be specified)     Total     If the above loans/borrowings are secured, the nature and extent of security should be disclosed. Loans/Borrowings by the scheme with amount, rate of interest, source and other terms shown separately, source-wise. Note 12 Other Financial Liabilities Particulars Figures as at the end of current reporting period Figures as at the end of the previous reporting period Finance Cost on Loans/Borrowing/(s)     Management Fees Payable     Trusteeship Fees Payable     Commission to Distributors Payable     Custodian Fees and Expenses Payable     Registrar Fees and Expenses Payable     Marketing/Publicity/Advertisement Expenses Payable     Audit Fees Payable     Investor Commun....

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....evious reporting period Gross change on account of Gain on fair value changes (MTM)     Gross change on account of Gain on fair value changes - Derivative Instruments (MTM)     Change in unrealised gain in the value of investments due to foreign exchange fluctuation     Others ( to be specified)     Total     Note 18 Loss on Sale/Redemptions of Investments   Particulars Figures for the current reporting Period Figures for the previous reporting period Loss on sale/redemption of investments (Gross)     Loss on inter-scheme sale of Investments (Gross)     Loss on derivatives transactions (Gross)     Loss on exchange rate fluctuation     Loss on sale of real estate assets     Loss on inter-scheme sale of real estate assets (Gross)     Others ( to be specified)     Total     Note 19 Expenses - Others   Particulars Figures for the current reporting Period Figur....