Setting up of Limited Purpose Clearing Corporation (LPCC) by Asset Management Companies (AMCs) of Mutual Funds
<!-- wp:paragraph --> <p>SEBI vide circular No. SEBI/HO/IMD/IMD-1DOF2/P/CIR/2021/0548 dated 6th April, 2021 has decided to amend the amount of contribution from AMCs towards share capital of LPCC.<br> In consideration of the representation received from AMFI, it has been decided that the contribution of AMCs shall be based on Average AUM (Assets under Management) of debt-oriented schemes for the Financial Year (FY) 2020-21.</p> <!-- /wp:paragraph --> <!-- wp:paragraph --> <p><a href="https://www.sebi.gov.in/legal/circulars/apr-2021/setting-up-of-limited-purpose-clearing-corporation-lpcc-by-as.....