Professional Documents
Culture Documents
(h) Opening, closing and earliest closing date (if any) for the offer;
(i) A statement to the effect that (A) the offer document sets forth
concisely; the information about the scheme that a prospective
investor ought to know before investing; (B) the offer document
should be retained for future reference;
(j) A statement to the effect that the scheme particulars have been
prepared in accordance with the Securities and Exchange Board of
India (Mutual Funds) Regulations, 1996, as amended till date,and
filed with SEBI, and the units being offered for public subscription
have not been approved or disapproved by the Securities and
Exchange Board of India nor has Securities and Exchange Board of
India certified the accuracy or adequacy of the offer document.
Instructions :
2. DEFINITIONS
All terms used in the offer document shall be defined in this Section.
Instructions :
2. All terms shall be used uniformly throughout the text of the offer
document e.g. the terms ‘sale price’ and ‘repurchase price’ shall be
used uniformly to indicate ‘offer price’ and ‘bid price’ of units.
It is confirmed that :
(i) the draft offer document forwarded to SEBI is in accordance with
the SEBI (Mutual Funds) Regulations, 1996 and the guidelines and
directives issued by SEBI from time to time.
(ii) all legal requirements connected with the launching of the scheme
as also the guidelines, instructions, etc., issued by the Government
and any other competent authority in this behalf, have been duly
complied with.
(iii) the disclosures made in the offer document are true, fair and
adequate to enable the investors to make a well informed decision
regarding investment in the proposed scheme.
V. EXPENSES
(as % of NAV)
Year 4 ______ %
(as % of NAV)
Switchover/Exchange Fee ______ %
(as % of NAV)
Estimate the amount that will be available to the scheme for every
Rs.100 contributed by the investors.
A statement to the effect that total Initial Issue Expenses shall not
exceed 6% of the initial resources raised under the scheme, as
prescribed in the Regulations, and any excess beyond 6% shall be
borne by the Asset Management Company.
(ii) Past Schemes :
The Mutual Fund shall disclose total issue expenses at actuals for the
schemes launched during the last one fiscal year. Expenses borne by
the asset management company, if any, shall be disclosed. If no
scheme has been launched during the last one fiscal year, the
particulars may be provided in respect of the latest scheme launched
by the Mutual Fund. Include a brief narration for the reasons for
adverse variations if any, between the 'actual expenses' and
'estimated expenses'.
C. Annual Scheme Recurring Expenses :
(as a % of Average weekly Net Assets)
Give a break-up of the recurring expenses chargeable to the scheme
in the format illustrated below; however, certain items of expenditure
may be clubbed together, if felt necessary by the Mutual Fund to give
meaningful information to the investors :-
scheme ________ %
Other expenses*
Instructions :
(a)
Annualised return
Net Assets end of period (Rs. Crs.)
Instructions :
(c) Furnish the following information as of the end of the last fiscal
year for the Mutual Fund, schemewise.:
6. Portfolio Turnover
This section shall describe the manner in which the Mutual Fund is
managed. The disclosure shall include -
(i) Identification of Asset Management Company and the name of the
Fund Manager(s) who would be responsible for managing the
scheme along with his qualifications, experience and background;
(ii) Name and address of the Investor Relations Officer;.
(iii) Briefly state for the Asset Management Company of the Mutual
Fund:
(a) The name and the address of the Asset Management Company
and the names and addresses of the Directors on the Board of the
AMC with a brief description of the experience of the AMC;
(b) Disclosure of the date of entering the Investment Management
Agreement.
(c) A brief description of the Asset Management Company's
compensation. If the fee is paid in some manner other than on the
basis of average weekly net assets, briefly describe the basis of
payment.
(iv) Name and business experience/exposure of the key personnel of
the AMC;
(v) The identity of any other person who provides significant
administrative or business management services and a brief
description of the services provided and the compensation to be paid
therefore;.
(viii) Identification and name and address of the statutory auditor for
the scheme;
(ii) The circumstances under which refund may take place and the
period within which refunds must be carried out (in accordance with
sub clause (2) and (3) of regulation 35).
(iv) The period within which allotment and despatch of certificates will
be completed and relevant Regulations in this regard alongwith a
statement to the effect that an advertisement will be published in a
newspaper soon after completion of allotment procedure; provided
that if allotment is assured to all applicants, such disclosure may not
be required.
(x) Maturity period of the scheme and the circumstances under which
the duration of the scheme may be extended alongwith a statement
that the extension shall be in accordance with the Regulations.
(d) If the scheme offers any additional facility to the investor such as
insurance premium etc. pursuant to a plan adopted under a scheme:
(ii) a listing of the principal types of activities for which payments will
be made;
(iii) a statement of claims pending i.e. claims filed by the Mutual Fund
with the insurance company - the number of cases and the aggregate
amounts involved shall be disclosed.
(e) Details of who can invest, sales price fixation and nomination
facilities may also be included here.
This section shall disclose the policy that the Mutual Fund shall follow
for stock lending.
This section shall disclose the various tax benefits that are available
and the taxes that are charged to the investors in the schemes of
Mutual Funds.
Place :
Name :
Date :
Designation :