Additional KMP trigger
Check whether an additional KMP is required, based on AUM at the financial year end (excluding fund of funds AUM, including TPFM AUM).
Source: Reg 7(4), 107E(4), IFSCA (Fund Management) Regulations, 2025.
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Counted AUM: USD 750 million
Below USD 1 billion. No additional KMP required.
How to use this calculator
- Choose a mode. Simple asks one question at a time. Detailed shows every input on one page, with the working.
- Enter your figures in the units shown next to each box (USD, USD million or %). The result updates as you type.
- Read the outcome, then the working and the regulation it rests on. Use Start again to clear the figures.
Worked example
An FME ends the year with USD 950 million in its own schemes and USD 120 million managed for third-party schemes. USD 40 million of its AUM sits in fund of funds schemes.
What to notice: TPFM AUM counts towards the USD 1 billion trigger; the fund of funds part is left out.
Result
14 Oct 2026Answer the questions to see your result here.
Outcome
No additional KMP needed
Counted AUM: USD 750 million
Below USD 1 billion. No additional KMP required.
In simple terms
Counted AUM: USD 750 million. Below USD 1 billion. No additional KMP required. This is an indicative check against the provision named above. If the result is close to a limit or your facts are unusual, have it reviewed.
The figures
| Own schemes AUM | USD 800 million |
|---|---|
| TPFM schemes AUM | USD 0 million |
| Less: fund of funds AUM (excluded) | (USD 50 million) |
| Counted AUM | USD 750 million |
| Trigger | USD 1,000 million (USD 1 billion) |
| Counted AUM at or above the trigger? | No |
How this is worked out
- Counted AUM = own schemes AUM + TPFM schemes AUM − fund of funds AUM.
- If counted AUM is USD 1 billion (USD 1,000 million) or more, appoint an additional fund management KMP within 6 months of the year end.
Regulatory source
Reg 7(4), 107E(4): AUM at the financial year end, excluding fund of funds AUM, including TPFM AUMRelevant provisions
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Expert review
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Company Secretary & Compliance Officer, Global Horizons Capital Advisors (IFSC) Private Limited · FCS · 13+ years in compliance and governance
A tool points the way. CS Prashant Kumar checks your facts, structure and documents, then gives you a written view and a clear path to registration and compliance.
Each calculator gives an indicative result based on the figures entered and the provision named on it. It is not legal or professional advice. Check the full provision and your own facts, including any extension or relaxation granted.
Meet the expert
CS Prashant Kumar
Company Secretary & Compliance Officer
Global Horizons Capital Advisors (IFSC) Private Limited — an IFSCA-licensed investment banker
Published in The Chartered Accountant (Jun 2025, Jan 2025, Mar 2024) and Chartered Secretary (Aug 2023)
Prashant Kumar is a seasoned Company Secretary and corporate governance strategist with more than 13 years of experience advising large corporates, promoter-led groups and global businesses on compliance, regulatory risk and board governance. In GIFT IFSC, the IFSCA regime is his day job rather than a research topic.