In order to align the interest of Designated Employees* of Asset Management Companies (AMCs) with the unit holders of the mutual fund Schemes, the Securities and Exchange Board of India (SEBI) has issued circulars SEBI/HO/IMD/IMD-I/DOF5/P/CIR/2021/553 dated April 28, 2021; SEBI/HO/IMD/IMD-I/DOF5/P/CIR/2021/582 dated June 25, 2021 and SEBI/HO/IMD/IMD-I/DOF5/P/CIR/2021/629 dated September 20, 2021 read with clarification dated September 20, 2021 SEBI/HO/IMD/DF5/OW/P/2021/24745/1 dated September 20, 2021 issued by SEBI to AMFI, wherein a part of the compensation of Designated Employees having a role / oversight shall be mandatorily invested in units of the mutual fund schemes managed by the AMC.

• i. Chief Executive Officer (CEO), Chief Investment Officer (CIO), Chief Risk Officer (CRO), Chief Information Security Officer (CISO), Chief Operation Officer (COO), Fund Manager(s), Compliance Officer, Sales Head, Investor Relation Officer(s) (IRO), heads of other departments, Dealer(s) of the AMC;
• ii. Direct reportees to the CEO (excluding Personal Assistant/Secretary);
• iii. Fund Management Team and Research Team;
• iv. Other employees as identified & included by AMCs and Trustees

Accordingly, the details of disclosure of Designated Employee(s) Compensation mandatorily invested in the Schemes of Indiabulls Mutual Fund are as follows: