SEBI seeks AMCs' salary disclosure shift to protect employee privacy
Business
SEBI is looking to change how Asset Management Companies (AMCs) share salary information.
Instead of listing out what each top earner makes, AMCs would just reveal the total amount paid to high-earning employees.
This update is meant to protect employee privacy and cut out details that don't really matter to everyday investors.
Industry and experts back privacy disclosure
Right now, AMCs have to name their CEOs, CIOs, and anyone making over ₹1.02 crore a year, but industry groups say that is too much personal information with little benefit for most people.
Experts are on board with SEBI's new approach; as Ashish Gupta puts it, mutual fund investors don't need all those specifics.
The focus is shifting toward balancing transparency with privacy, something many feel is overdue.