SCHEME INFORMATION DOCUMENT

NAME OF THE SCHEME

(Type of Scheme – Open/Closed/Interval/

Equity/Balanced/Income/Debt/Liquid/ ETF etc.)

Offer of Units of Rs — each for cash (subject to applicable load) during the New Fund Offer and Continuous offer for Units at NAV based prices.

New Fund Offer Opens on: .

New Fund Offer Closes on: .

Scheme re-opens on:

Name of Mutual Fund :

Name of Asset Management Company :

Name of Trustee Company :

Addresses, Website of the entities :

The particulars of the Scheme have been prepared in accordance with the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, (herein after referred to as SEBI (MF) Regulations) as amended till date, and filed with SEBI, along with a Due Diligence Certificate from the AMC. The units being offered for public subscription have not been approved or recommended by SEBI nor has SEBI certified the accuracy or adequacy of the Scheme information Document,
The Scheme Information Document sets forth concisely the information about the scheme that a prospective investor ought to know before investing. Before investing, investors should also ascertain about any further changes to this Scheme Information Document after the date of this Document from the Mutual Fund/ Investor Service Centers/Website/Distributors or Brokers.
The investors are advised to refer to the Statement of Additional Information (SAI) for details of———Mutual Fund, Tax and Legal issues and general information on www.———–. (Website address).
SAI is incorporated by reference (is legally a part of the Scheme Information Document). For a free copy of the current SAI, please contact your nearest Investor Service Centre or log on to our website.
The Scheme Information Document should be read in conjunction with the SAl and not in isolation.

This Scheme Information Document is dated———–.

Note:

The wording in italics is explanatory commentary/instructions.

The words in Arial font are the text to he used in the Scheme Information Document, as applicable.

Instruction:

This Scheme Information Document is dated———–. Note: The wording in italics is explanatory commentary/instructions. The words in Arial font are the text to he used in the Scheme Information Document, as applicable. Instruction:

i. A Mutual Fund is free to add any other disclosure, which in the opinion of the Trustees of the Mutual Fund (Trustees) or the Asset Management Company (AMC) is material for the investor, provided that such information is not presented in an incomplete, inaccurate or misleading manner. Care should be taken to ensure that inclusion of such information does not, by virtue of its nature, or manner of presentation, obscure or impede understanding of any information that is required to be included under the Scheme Information Document.

ii. Since investors who rely on the Scheme Information Document may not be sophisticated in legal or financial matters, care should therefore be taken to present the information in the Scheme Information Document in simple language and in a clear, concise and easily understandable manner.

iii. The scheme shall not have a name or title which may be deceptive or misleading. Schemes name should be consistent with its statement of investment policy.

iv. The type of the scheme would mean whether the scheme is a growth scheme, income scheme, balanced scheme etc. and whether the scheme is open-ended, close-ended, an interval fund etc.

TABLE OF CONTENTS

HIGHLIGHTS/SUMMARY OF THE SCHEME – This section shall include the following:
  • Investment objective
  • Liquidity
  • Benchmark
  • Transparency/NAV Disclosure
  • Loads
  • Minimum Application Amount
(Highlights/summary of the scheme, irrespective of whether they appear on the Cover Page or not, shall make a specific discloser in case of assured return schemes regarding the guarantee given either by the AMC or by the Sponsor to distribute income at the assured rate, and to redeem the capital invested, to the unit holder. This statement shall be in bold, legible fonts.)

I. INTRODUCTION

A. RISK FACTORS

Standard Risk Factors
  • Investment in Mutual Fund Units involves investment risks such as trading volumes, settlement risk, liquidity risk, default risk including the possible loss of principal.
  • As the price/value/interest rates of the securities in which the scheme invests fluctuates, the value of your investment in the scheme may go up or down (Mutual Funds may also provide factors affecting capital market in general and not limited to the aforesaid)
  • Past performance of the Sponsor/AMC/Mutual Fund does not guarantee future performance of the scheme.
  • The name of the scheme does not in any manner indicate either the qualityof the scheme or its future prospects and returns.
  • The sponsor is not responsible or liable for any loss resulting from the operation of the scheme beyond the initial contribution of ___________ made by it towards setting up the Fund.
  • The present scheme is the first scheme being launched under its (Applicable, if the AMC has no previous experience in managing a Mutual Fund)
  • The present scheme is not a guaranteed or assured return scheme (applicable to all schemes except assured return schemes)
Scheme Specific Risk Factors
  • Schemes investing in EquitiesDescribe briefly risks associated with investment in equity
  • Schemes investing in BondsDescribe briefly risks associated with fixed income products like Credit Risk, Prepayment Risk, and Liquidity Risk etc.
  • Risks associated with Investing in Foreign Securities(if the scheme invests in these instruments)
  • Risks associated with Investing in Derivatives(if the scheme invests in these instruments)
  • Risks associated with Investing in Securitised Debt (if the scheme invests in these instruments)
  • Risks associated with Short Selling and Securities Lending (if the scheme, intends to participate in short selling and securities lending).

B. REQUIREMENT OF MINIMUM INVESTORS IN THE SCHEME

(Applicability for an open-ended scheme) The Scheme/plan shall have a minimum of 20 investors and no single investor shall account for more than 25 percent of the corpus of the Scheme/Plan(s). However, if such limit is breached during the NFO of the Scheme, the Fund will endeavour to ensure that within a period of three months or the end of the succeeding calendar quarter from the close of the NFO of the Scheme, whichever is earlier, the Scheme complies with these two conditions. In case the Scheme/Plan(s) does not have a minimum of 20 investors in the stipulated period, the provisions of Regulation 39(2) (c) of the SEB1 (MF) Regulations would become applicable automatically without any reference from SEBI and accordingly the Scheme/Plan(s) shall be wound up and the units would be redeemed at applicable NAV. The two conditions mentioned above shall also be complied within each subsequent calendar quarter thereafter, on an average basis, as specified by SEBI. If there is a breach of the 25 percent limit by any investor over the quarter, a rebalancing period of one month would be allowed and thereafter the investor who is in breach of the rule shall be given 15 days’ notice to redeem his exposure over the 25 percent limit. Failure on the part of the said investor to redeem his exposure over the 25 percent limit within the aforesaid 15 days would lead to automatic redemption by the Mutual Fund on the applicable Net Asset Value on the 15th day of the notice period. The Fund shall adhere to the requirements prescribed by SEBI from time to time in this regard. (Applicability for a Close ended scheme/Interval scheme) The Scheme(s) and individual Plan(s) under the Scheme(s) shall have a minimum of 20 investors and no single investor shall account for more than 25 percent of the corpus of the Scheme(s)/Plan(s). These conditions will he complied with immediately after the close of the NFO) itself i.e. at the time of allotment. In Case of non-fulfillment with the condition of minimum 20 investors, the Scheme(s)/Plan(s) shall be wound up in accordance with Regulation 39(2) (c) of SEBI (MF) Regulations automatically without any reference from SEBI. In case of non-fulfillment with the condition of 25 percent holding by a single investor on the date of allotment,the application to the extent of exposure in excess of the stipulated 25 percent limit would be liable to be rejected and the allotment would be effective only to the extent of 25 percent of the corpus collected. Consequently, such exposure over 25 percent limits will lead to refund within 6 weeks of the date of closure of the New Fund Offer. For interval scheme the aforesaid provision will be applicable at the end of NFO and specified transaction period.

C. SPECIAL CONSIDERATIONS, If any

D. DEFINITIONS – All terms used in the Scheme Information Document shall be defined in this

Instructions:

i. Language and terminology used in the scheme Information Document shall be as provided in the Regulations. Any new term if used shall be clearly defined.

ii. All terms shall be used uniformly throughout the text of the Scheme information Document e.g. the terms sale price’ and ‘repurchase price’ shall be used uniformly to indicate offer price’ and ‘bid price’ of units.

iii. The term scheme’ shall be used uniformly to indicate the different schemes of a Mutual Fund.

E. DUE DILIGENCE BY THE ASSET MANAGEMENT COMPANY

The Asset Management Company shall confirm that a Due Diligence Certificate duly signed by the Compliance officer/Chief Executive Officer/Managing Director/Whole Time Director/Executive Director of the Asset Management Company has been submitted to SEBI which reads as follow: It is confirmed that:

(i) The draft Scheme Information Document forwarded toSEB1 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 Scheme information Document are true, fair and adequate to enable the investors to make a well informed decision regarding investment in the proposed scheme.

(iv) The intermediaries named in the Scheme Information Document and Statement of Additional Information are registered with SEBI and their registration is valid, as on date.

II. INFORMATION ABOUT THE SCHEME

A. TYPE OF THE SCHEME-(open/close/interval, Equity/Debt/Income/Liquid/Balanced/ETF etc.)

B. WHAT IS THE INVESTMENT OBJECTIVE OF THE SCHEME?

The scheme’s investment objective and policies (including the types of securities in which it will invest) shall be clearly and concisely stated in the Scheme Information Document so that they may be readily understood by the unit holder/investor.

C. HOW WILL THE SCHEME ALLOCATE ITS ASSETS?

This includes asset allocation table giving the broad classification of assets and indicative exposure level in percentage terms specifying the risk profile, If the scheme’s name implies that it will invest primarily in a particular type of security, or in a certain industry or industries, the scheme shall have an investment policy that requires that, under normal circumstances, at least 65 percent of the value or its total assets be invested in the indicated type of security or industry. The asset allocation should be consistent with the investment objective of the scheme.

ParticularsYear 1Year 2Year 3
Net Worth
Total Income
Profit after tax
Assets Under Management (if applicable)
Percentage of investments in foreign securities, derivatives, stock lending, securitized debt etc: to be indicated.

D. WHERE WILL THE SCHEME INVEST?

This includes a brief narration on the types of instruments in which the scheme will invest and the concerned regulations and limits applicable shall also be mentioned.

Investment in overseas securities shall be made in accordance with the requirements stipulated by SEBI and RBI time to time.

Brief narration on the various derivative products specifying (i) the instruments to be used (ii) the applicable limits.

E. WHAT ARE THE INVESTMENT STRATEGIES?

Information about Investment approach and risk control should be included in simple terms. In case the scheme proposes to invest in derivatives, disclosures on the various strategies to be adopted by the fund manager shall be made.

In case of assured return schemes, the Scheme Information Document shall disclose:

    1. how many schemes have assured returns, their number and corpus size;
    2. the justification as to how the net worth and liquidity position of the guarantor would be adequate to meet the shortfall in this scheme;
    3. details of the schemes which did not pay assured returns in the past and how the shortfall was met.

Further, portfolio turnover policy particularly for equity oriented schemes shall also be disclosed. In discussing the investment strategies, the scheme shall briefly discuss in the Scheme In formation Document the probable effect of such strategies on the rate of the total portfolio turnover of the scheme, if such effects are significant and also other consequences which will result from the higher portfolio turnover rate e.g. higher brokerage and transaction cost.

F. FUNDAMENTAL ATTRIBUTES

Following are the Fundamental Attributes of the scheme, in terms of Regulation 18(15A) of the SEBI (MF) Regulations:

(i) Type of a scheme

      • Open ended/Close ended /Interval scheme
      • Sectoral Fund/Equity Fund/Balance Fund/Income Fund/Index Fund/ Any other type of fund

(ii) Investment Objectives

      • Main objective – Growth/Income/Both.
      • Investment pattern – The tentative Equity/Debt/Money Market portfolio break-up with minimum and maximum asset allocation, while retaining the option to alter the asset allocation for a short term period on defensive considerations.

(iii) Terms of Issue

      • Liquidity provisions such as listing, repurchase, redemption.
      • Aggregate fees and expenses charged to the scheme.
      • Any safety net or guarantee provided.

In accordance with Regulation 18 (15A) of the SEBI (MF) Regulations, the Trustees shall ensure that no change in the fundamental attributes of the Scheme(s) and the Plan(s)/Option(s) there under or the trust or fee and expenses payable or any other change which would modify the Scheme(s) and the Plan(s)/Option(s) there under and affect the interests of Unitholders is carried out unless:

      • A written communication about the proposed change is sent to each Unit-holder and an advertisement is given one English daily newspaper having nationwide circulation as well as in a newspaper published in the language of the region where the Head Office of the mutual fund is situated; and
      • The Unitholders are given an option for a period of 30 days to exit at the prevailing Net Asset Value without any exit load.
Instruction It shall be ensured that the advertisement is published and written communication is dispatched appropriately in advance of the commencement 30 days period.

G. HOW WILL THE SCHEME BENCHMARK ITS PERFORMANCE?

The name and the justification (specific to the scheme objective) for the use of benchmark index with which the performance of the scheme can be compared with.

H. WHO MANAGES THE SCHEME?

Name, age, qualification and experience of the fund manager to the scheme to be disclosed. The experience of the fund manager should include last 10 years of experience and also the name of other schemes under his/her management.

I. WHAT ARE THE INVESTMENT RESTRICTIONS?

All the investment restrictions as contained in the Seventh Schedule to SEBI (Mutual Funds) Regulations, 1996 and applicable to the scheme should be incorporated. Further in case the fund follows any internal norms vis--vis limiting exposure to a particular scrip or sector, etc. apart from the aforementioned investment restrictions the same needs to be disclosed.

In case of equity scheme disclose only equity related investment restriction though the scheme would be investing a portion of the assets in bond for liquidity or for other purpose. In case of fixed income/debt schemes disclose only the investment restriction applicable to bonds. In case of balanced schemes all investment restrictions are to be disclosed.

J. HOW HAS THE SCHEME PERFORMED?

[In case of a new, scheme, this is not applicable hence give the statement This scheme is a new scheme and does not have any performance track record”] Or [ln case of a scheme in existence, the return figures shall be given for that scheme only, as per the For a scheme which is in existence for more than 1 year, the return given will be Compounded Annualised Returns and for scheme which is in existence for less than 1 year, the returns would be absolute returns since inception. Absolute returns for each financial year for the last 5 years shall be represented by means of a bar diagram as per the adjacent format.]

Compounded Annualised Returns

Scheme Returns %

Benchmark Returns %

Returns for the last 1 year
Returns for the last 3 year
Returns for the last 5 year
Returns since inception

Absolute Return for each Financial Year for the last 5 years

III. UNITS AND OFFER

This section provides details you need to know for investing in the scheme.

A. NEW FUND OFFER (NFO)

New Fund Offer PeriodNFO opens on:
This is the period during which a newNFO closes on:
scheme sells its units to the investors,Dare of Inception/allotment
New Fond Offer Price:
This is the price per unit that the investors have to pay to invest during the NFO.
Minimum Amount for Application
Switch in the NFO
Minimum Target amountRs…………………………………….
This is the minimum amount required to
operate the scheme and if this is not collected during the NFO period, then all the investors would be refunded the amount invested without any return. However, if AMC fails to refund the amount within 6 weeks, interest as specified by SEBI (currently 15 percent p.a.) will be paid to the investors from the expiry of six weeks from the date of closure of the subscription period.
Maximum Amount to be raised (if any)Rs……………………………………..
This is the maximum amount which can be collected during the NFO period, as decided by the AMC.
Plans/Options offeredPlans: Direct, Regular
Option: Dividend, Growth, Bonus etc.
Dividend Policy
AllotmentMention, the procedure for allotment and dispatch of account statements/unit certificates. Indicate the time period.
RefundIf application is rejected, full amount will be refunded within 6 weeks of closer of NFO.
If refunded later than 6 weeks, interest@ 15 percent p.a. for delay period will be paid and charged to the AMC,
15 percent p.a. for delay period will be paid
Who can invest  
This is an indicative list and you are requested to consult your financial advisor to ascertain whether the scheme is suitable to your risk profile.Mention category of applicants, who are eligible to invest in the scheme. The AMC may also want to mention if there are any specific categories that are prohibited from investing in the scheme.



Where can you submit the filled up applications.Provide name, address and contact No. of Registrar and Transfer Agent (R&T), E-mail id of R&T, website address of R&T, official points of acceptance, collecting banker details etc. on back cover page.
How to ApplyPlease refer to the SAI and Application form for the instructions.
ListingMention, if applicable, the name of the Stock Exchange and the time frame by which the listing will be done.
Special products/facilities available during the NFOBriefly describe the facilities/products available. facilities like:
Systematic Investment Plan
Systematic Transfer Plan
Systematic withdrawal Plan
The policy regarding reissue of repurchased units, including the maximum extent, the manner of re-issue, the entity (the scheme or the AMC involved in the same.
Restrictions, if any, on the right to freely retain or dispose of units being offered.

B. ONGOING OFFER DETAILS

Ongoing Offer PeriodW.e.f …………… (date) or within …………..days of the of Closure of the NFO.
This is the date from which the scheme will reopen for subscriptions/redemption after the closure of the NFO period.
Ongoing price for subscriptions/purchase /switch-in (from other schemes/ plans of the mutual fund) by investors.At the applicable NAV subject to prevailing entry load
This is the price you need to pay for purchase /switch-in.
Example: If the applicable NAV is Rs 10, entry load is 2 percent then sale price will be: Rs 10 *1+0.02)= Rs 10.20
Ongoing price for redemption (sale)/ switch outs (to other scheme/plans of the Mutual fund) by investors.At the applicable NAV, subject to prevailing exit load.
This is the price you will receive for redemption/ switch outs.
Example: if the applicable NAV is Rs 10, exit load is 2 percent then redemption price will be:
Rs 10*(1-0.02)-Rs 9.80
Cut off timing for subscriptions/redemption/switches
This is time before which your application (complete in all respects) should reach the official points of acceptance.
Where can the application for purchase/ redemption switches be submitted? Provide the details of official points of acceptance, collecting banker details etc. on back cover page.
Minimum amount for purchase/redemption/switches
Minimum balance to be maintained and consequence of non maintenance.
Special products availableSystematic investment plan systematic transfer plan withdrawal
Accounts statementsFor normal transaction (other than SIP/STP) during ongoing sales and repurchase:
Ø   The AMC Shall issue to the investor whose application (other than SIP/STP) has been accepted, an account statement specifying the number of units allotted (state the service standard for the same)
Ø   For those unit holders who have provided an e-mail address, the AMC will send the accounts statement by email.
Ø   The unit holder may request for a physical account statement by writing / calling the AMC /ISC/ R&T (state procedure).
Ø   Alternately, soft copy of the account statements shall be mailed to the investors' e-mail address, instead of physical statement, if so mandated.
DividendThe dividend warrants shall be dispatched to the unitholders within 30 days of the date of declaration of the dividend.
RedemptionThe redemption or repurchase proceeds shall be dispatchedto the unitholders within 10 working days from the date of redemption or repurchase.
Delay in payments of redemption/repurchase proceedsThe Asset management Company shall be liable to pay interest to the unitholders at such rate as may be specified by SEBI for the period of such delay (presently @15 percent per annum).

C. PERIODIC DISCLOSURES.

Net Asset ValueThe Mutual Fund shall declare the Net asset value of the scheme on every business day on AMFI’s website www.amfimdia.com by (time limit for uploading NAV as per applicable guidelines) and also on their website.
This is the value per unit of the scheme on a particular day. You can ascertain the value of your investments by multiplying the NAV with your unit balance.In case of open ended schemes, the NAV shall be calculated for all business days and released to the Press. In case of closed ended schemes, the NAV shall be calculated at least once a week.
In case of Fund of Fund and investments in foreign securities, the applicable NAV disclosure policy may be indicated.
Half yearly Disclosure: PortfolioIn case of unit holders whose email address are registered with the fund, the AMCs shall send half yearly portfolio via email within 10 days from the end of each half year.
This is a list of securities where the corpus of the scheme is currently invested. The market value of these investments is also stated in portfolio disclosures.The half yearly portfolio of the schemes shall also be available in a user friendly and downloadable spreadsheet format on the AMIT’s website and website of AMC on or before the 10th day of succeeding month.
The advertisement in this reference will be published by the fund in all India edition of at least two daily newspapers, one each in English and Hindi.
Half yearly Financial ResultThe mutual fund shall before the expiry of one month from the close of each half year, (Mar 31 st and Sep 30 th ) shall display the unaudited financial results on AMC website, the advertisement in this reference will be published by the fund in at least one English daily newspaper having nationwide circulation and in a newspaper having wide circulation published in the language of the region where the head office of fund is situated.
Annual ReportAnnual report or abridged summary will be hosted on AMCs website and on the website of AMFI. This will be sent by email to the investors who have registered their email id with the fund, no later than four months from the date of closure of the relevant financial year i.e. March 31 each year.
Investors' who have not registered their email id will have an option of receiving a physical copy of the Annual report or abridged summary thereof.
The advertisement in this reference will be published by the fund in all India editions of at least two daily newspapers, one each in English and Hindi.
Associate TransitionPlease refer to statement of Additional Information (SAI).
Taxation   
The information is provided for general information only. However, in view of the individual nature of the implications, each investor is advised to consult his or her own tax advisors/authorized dealers with respect to the specific amount of tax and ocher implications arising out of his or her participation in the schemes.(Mention the tax rates as per the applicable tax laws)Retail InvestorDomestic Companies
Tax on Dividend
Capital gains:
Long Term
Short Term
Equity scheme will also attract securities
transaction tax (STT) at applicable rates.
For further details on taxation please refer to the clause on Taxation in the SAI
Investor serviceName, address and telephone number and e-mail of the contact person/grievance officer who would take care of investor queries and complaints.

D. COMPUTATION OF NAV

Describe briefly the policies of the Mutual Fund with regard computation of NAV of the scheme in accordance with SEBI (Mutual Funds) regulations, 1996. Rounding off policy for NAV as per the applicable guidelines shall be disclosed. Policy on computation of NAV in case of investment in foreign securities shall be disclosed.

IV. FEES AND EXPENSES

This section outlines the expenses that will be charged to the schemes.

A. NEW FUND OFFER (NFO) EXPENSES

These expenses are incurred for the purpose of various activities related to the NFO like sales and distribution fees paid marketing and advertising, registrar expenses, printing and stationary, bank charges etc. Details of source meeting these expenses may be disclosed.

B. ANNUAL SCHEME RECURRING EXPENSES

These are the fees and expenses for operating the scheme. These expenses include Investment Management and Advisory Fee charged by the AMC. Registrar and Transfer Agents’ fee, marketing and selling costs etc. as given in the table below: The AMC has estimated that upto___________ percent of the weekly average net assets of the scheme will be charged to the scheme as expenses (Give slab wise break up depending on the assets under management. Give plan/option wise break up if the expense structures are different). For the actual current expenses being charged, the investor should refer to the website of the mutual Fund.
ParticularsPercent of Net Assets
Retail Plan (theInstitutional Plan
name of the plan(the name of the
as applicable)plan as applicable)
Investment Management & Advisory Fee
Custodial Fees
Registrar & Transfer Agent Fees including cost related to providing account statement, dividend/redemption cheques/warrants etc.
Marketing & selling expenses including agents commission and statutory advertisement
Brokerage & transaction cost pertaining to the distribution of units
Audit Fees/Fees and expenses of trustees
Costs related to investor communications
Other expenses*
Total Recurring expenses
(*To be specified as permitted under the Regulation 52 of SEBI (MF) Regulations) These estimates have been made in good faith as per the information available to the Investment Manager based on past experience and are subject to change inter se.Types of expenses charged shall be as per the SEBI (MF) Regulations. (The regulatory limits on Annual Recurring Expenses and Investment Management Advisory fees in terms of Regulation 52 shall be disclosed. The mutual fund would update the current expense ratios on the website at least three working days prior to the effective date of the change. Additionally, AMCs shall provide the exact weblink of the heads under which TER is disclosed in their website

C. LOAD STRUCTURE

Load is an amount which is paid by the investor to subscribe to the units or to redeem the units from the scheme. This amount is used by the AMC to pay commissions to the distributor and to take care of other marketing and selling expenses. Load amounts are variable and are subject to change from time to time. For the current applicable structure, please refer to the website of the AMC (www. —-) or may call at (toll free No.) or your distributor.
Type of Load Load Chargeable (as percentage of NAV)
Entry
Exit*
* The load may be applicable on the other types of transactions such as Dividend Reinvestment, Switch in/out, SIP/SWP/STP (which shall be disclosed in the table above as applicable) Load exemptions, if any: Bonus units and units issued on reinvestment of dividends shall not be subject to entry and exit load. All loads including Contingent Deferred Sales Charge (CDSC) for the Scheme shall be maintained in a separate account and may be utilised towards meeting the selling and distribution expenses. Any surplus in this account may be credited to the scheme, whenever felt appropriate by the AMC. The investor is requested to check the prevailing load structure of the scheme before investing. For any change in load structure AMC will issue an addendum and display it on the website/Investor Service Centers. Note: Wherever quantitative discounts are involved the following shall be disclosed- The Mutual Fund may charge the load within the stipulated limit of 7 percent and without any discrimination to any specific group of unitholders. However, any change at a later stage shall not affect the existing unitholders adversely.

D. WAIVER OF LOAD FOR DIRECT APPLICATIONS

Disclose detailed procedure for direct applications as per the applicable SEBI guidelines in order to provide the waiver of load to the investors.

V. RIGHTS OF UNITHOLDERS

Please refer to SAI for details.

VI. PENALTIES, PENDING LITIGATION OR PROCEEDINGS, FINDINGS OF INSPECTIONS OR INVESTIGATIONS FOR WHICH ACTION MAY HAVE BEEN TAKEN OR IS IN THE PROCESS OF BEING TAKEN BY ANY REGULATORY AUTHORITY

This section shall contain the details of penalties, pending litigation, and action taken by SEBI and other regulatory and Govt. Agencies.
  1. All disclosures regarding penalties and action(s) taken against foreign Sponsor(s) may be limited to the jurisdiction of the country where the principal activities (in terms of income/revenue) of the Sponsor(s) are carried out or where the headquarters of the Sponsor(s) is situated. Further, only top 10 monetary penalties during the last three years shall be disclosed.
  2. In case of Indian Sponsor(s), details of all monetary penalties imposed and/or action taken during the last three years or pending with any financial regulatory body or governmental authority, against Sponsor(s) and/or the AMC and/or the Board of Trustees/Trustee Company; for irregularities or for violations in the financial services sector, or for defaults with respect to shareholders or debenture holders and depositors, or for economic offences, or for violation of securities law. Details of settlement, if any, arrived at with the aforesaid authorities during the last three years shall also be disclosed.
  3. Details of all enforcement actions taken by SEBI in the last three years and/or pending with SEBI for the violation of SEBI Act, 1992 and Rules and Regulations framed there under including debarment and/or suspension and/or cancellation and/or imposition of monetary penalty/adjudication/enquiry proceedings, if any, to which the Sponsor(s) and/or the AMC and/or the Board of Trustees/Trustee Company and/or any of the directors and/or key personnel (especially the fund managers) of the AMC and the Trustee Company were/are a party. The detials of the violation shall also be disclosed.
  4. Any pending material civil or criminal litigation incidental to the business of the Mutual Fund to which the Sponsor(s) and/or the AMC and/or the Board of Trustees/Trustee Company and/or any of the directors and/or key personnel are a party should also be disclosed separately.
  5. Any deficiency in the systems and operations of the Sponsor(s) and/or the AMC and/or the Board of Trustees/Trustee Company which SEBI has specifically advised to be disclosed in the SID, or which has been notified by any other regulatory agency, shall be disclosed.
Notwithstanding anything contained in this Scheme Information Document, the provisions of the SEBI (Mutual Funds) Regulations, 1996 and the guidelines there under shall be applicable.

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Categories: Education