CIRCULAR
SEBI/HO/IMD/IMD-RAC-2/P/CIR/2023/000175 November 01, 2023
To
All Mutual Funds (MFs)/
Asset Management Companies (AMCs)/
Trustee Companies/ Board of Trustees of Mutual Funds/
Association of Mutual Funds in India (AMFI)
Dear Sir / Madam,
Sub: Simplification and streamlining of Offer Documents of Mutual Fund
Schemes
1. In order to enhance ease of preparation of the Scheme Information Document
(SID) by mutual funds and increase its readability for investors, SEBI in
consultation with AMFI, undertook an exercise to revamp the format of SID.
2. Based on the suggestions of AMFI and the recommendations of the Mutual
Fund Advisory Committee, the format of SID was simplified and rationalized.
The revised format (placed at Annexure ‘A’) is aimed at streamlining the
dissemination of relevant information to investors, rationalizing the preparation
of SID and facilitating its periodic updation by mutual funds.
3. Accordingly, the format of SID specified through circular dated May 23, 2008
and incorporated as Clause 1.1.2 of Master Circular dated May 19, 2023,
stands modified.
4. Applicability: The revised format for SID, KIM and SAI shall be adopted as
under:
a. Updated format for SID/KIM/SAI to be implemented w.e.f. April 01,
2024.
b. Draft SIDs to be filed with SEBI on or before March 31, 2024 or SIDs
already filed with SEBI (final observations yet to be issued) or SIDs
for which the final observations have already been received from
SEBI (if launched on or before March 31, 2024), can use the old
format of SID, provided that the SIDs are updated as per timeline
mentioned at (c) below.
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c. For Existing SIDs – by April 30, 2024 with data as on March 31,
2024.
All updated/revised SIDs shall be made available on the website of
SEBI/AMFI/AMCs within the timelines specified above.
5. Further, in order to give effect to the revisions in the SID, the following clauses
of SEBI Master circular dated May 19, 2023 stand modified, as detailed below:
Sl. No. Clauses of Master Circular Modified clause
1. Format 5A – SID Format The format of SID specified under Formats as
(referred to in clause 1.1.2) mentioned at clause 1.1.2 (Format 5A), stands
revised as attached to this circular.
2. Clause 5.8.1.2 Scheme’s portfolio holdings (top 10 holdings
by issuer and fund allocation towards various
sectors) shall be disclosed by way of a
functional web link where the said data shall
be hosted.
3. Clause 5.8.2.1 5.8.2.1 The aggregate investment in the
scheme by Concerned Scheme’s Fund
Manager(s)
5.8.2.1A The following disclosures shall be
provided in SAI of the MF scheme:
1. The aggregate investment in the scheme
under the following categories:
a) AMC’s Board of Directors and
b) Other key personnel.
4. Clause 4.4.3.5 Creation of segregated portfolio shall be
optional and at the discretion of the AMC. It
should be created only if the Scheme
Information Document (SID) of the scheme has
enabling provision for segregated portfolio
with detailed disclosures made in Statement of
Additional Information (SAI). All new schemes
shall have the enabling provision included in
the SID for creation of segregated portfolio
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5. Clause 4.10.3.1 (iv) Provision shall be disclosed by the AMC in
Scheme Information Document (SID) with
detailed disclosures made in Statement of
Additional Information (SAI).
6. Clause 5.16.1A AMCs shall disclose risk-o-meter of the
Benchmark on:
a. Front page of initial offering application
form, Scheme Information Documents (SID)
and Key Information Memorandum (KIM); and
b. Common application form – along with the
information about the scheme
6. In line with the new SID format, AMFI shall carry out the necessary changes in
the formats of KIM and SAI in consultation with SEBI, within two months from
the date of this circular.
7. This circular is issued in exercise of the powers conferred under Section 11 (1)
of the Securities and Exchange Board of India Act, 1992, read with Regulation
77 of the Securities and Exchange Board of India (Mutual Funds) Regulations,
1996 to protect the interests of investors in securities and to promote the
development of, and to regulate the securities market.
Yours faithfully,
Vishakha More
Deputy General Manager
Tel no.: 022-26449206
Email: vishakham@sebi.gov.in
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Annexure A
Front Cover Page
SCHEME INFORMATION DOCUMENT-
SECTION I
N A M E O F T H E S C H E M E
( T y p e o f S c h e m e )
1. Name and type of the scheme to be aligned with SEBI Circulars on
Categorization and Rationalization of Mutual Fund Schemes,
2. As per SEBI Circulars on Potential Risk Class (PRC) Matrix for debt
schemes, type of scheme to include PRC description and table
3. For Index Funds / Index ETF - Name of scheme shall include complete
name of underlying Index.
4. In case of FOF’s where single fund is underlying (Feeder Funds): To
include the complete name of the underlying fund in the name of the
scheme
5. Product Labelling and Risk-o-meter of the Scheme and Benchmark should
be disclosed
6. In case the scheme is listed/proposed to be listed (ETFs/close ended etc.),
the Scrip Code issued by the stock exchange after listing to be mentioned
below the Scheme Name.
This product is suitable for Scheme Riskometer
Benchmark Riskometer (as
investors who are seeking*:
applicable)
As per AMFI Tier I
Benchmark i.e. ………………
(as applicable)
 The above product labelling assigned during the New Fund Offer (NFO) is based on
internal assessment of the scheme characteristics or model portfolio and the same may vary
post NFO when the actual investments are made
Offer for Units of Rs. -- each for cash 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
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(MF) Regulations) as amended till date and circulars issued thereunder 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 Centres / Website / Distributors or Brokers.
The investors are advised to refer to the Statement of Additional Information (SAI) for
details of ________ Mutual Fund, Standard Risk Factors, Special Considerations, 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 (Section I and II) should be read in conjunction with the
SAI and not in isolation.
This Scheme Information Document is dated ________.
Note: The wording in italics is explanatory comments/instructions.
Instructions:
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. Scheme’s
name should be consistent with its statement of investment policy and the scheme name should
be in line with SEBI circulars on categorization.
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.
and the scheme type should be in line with SEBI circular on categorization.
v. Scheme Information Document has two sections- Section I and Section II. While Section I
contains scheme specific information that is dynamic, Section II contains elaborated provisions
(including references to applicable Regulations/circulars/guidelines) with reference to
information/disclosures provided in Section I.
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Part I. HIGHLIGHTS/SUMMARY OF THE SCHEME
Sr. No. Title Description
I. Name of the scheme  (As per SEBI circular on categorization and rationalization of
mutual fund schemes)
 Maturity/duration of scheme for close ended/Target maturity
schemes to be mentioned in the name of the scheme
II. Category of the Scheme (As per SEBI circular on categorization and rationalization of mutual
fund schemes)
III. Scheme type  Maturity/duration of scheme for close ended/Target maturity
schemes to be mentioned
 As per SEBI categorization circular – All Debt schemes to
include PRC description and table in the scheme type
IV. Scheme code (To be disclosed after obtaining scheme code)
V. Investment objective Clear and concise Investment objective to be stated in SID and must be
true to the scheme label. It shall contain statement “There is no
assurance that the investment objective of the Scheme will be
achieved”
VI. Liquidity/listing details Provide Liquidity provisions on ongoing basis. Listing details only to be
provided if the scheme intends to list immediately after NFO
VII. Benchmark (Total Return  As per AMFI Tier I benchmark
Index)  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.
 Second Tier benchmark if applicable
VIII. NAV disclosure Mention only the Daily Disclosure timings on AMFI and AMC website.
Further Details in Section II.
IX. Applicable timelines Timeline for
 Dispatch of redemption proceeds,
 Dispatch of IDCW (if applicable) etc.
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X. Plans and Options Plan- Direct Plan/Regular Plan
Plans/Options and sub Options under each Plan(s)
options under the Scheme Growth
 Income Distribution cum Capital Withdrawal (IDCW) (include
facilities if applicable)
 Including Default option/ facility (as applicable)
For detailed disclosure on default plans and options, kindly refer SAI.
XI. Load Structure Exit Load:
XII. Minimum Application  During NFO:
Amount/switch in  On continuous basis:
 AMC to mention about minimum balance requirements (if any)
XIII. Minimum Additional
Purchase Amount
XIV. M inimum
Redemption/switch out
amount
XV. NFO opens on:
New Fund Offer Period NFO closes on:
This is the period during
which a new scheme sells Minimum duration to be 3 working days and will not be kept open for
its units to the investors. more than 15 days
Any changes in dates will be published through notice on AMC
website i.e. …………..
The NFO period in case of ELSS schemes shall continue to be
governed by guidelines issued by Government of India.
XVI. New Fund Offer Price: price per unit
This is the price per unit
that the investors have to
pay to invest during the
NFO.
XVII. Segregated portfolio/side Confirmation/disclosure statement only. For Details, kindly refer SAI
pocketing disclosure
XVIII.Swing pricing disclosure Confirmation/disclosure statement only. For Details, kindly refer SAI
XIX. Stock lending/short selling Confirmation/disclosure statement only. For Details, kindly refer SAI
XX. How to Apply Summary of process only. Details in section II
XXI. Where can applications for Summary of process only. Details in section II
subscription/redemption/
switches be submitted
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XXII. Investor services  Contact details for general service requests:
 Contact details for complaint resolution:
XXIII. Specific attribute of the
scheme (such as lock in,
duration in case of target
maturity scheme/close
ended schemes) (as
applicable)
XXIV. Special product/facility Briefly describe the facilities/products Available
available during the NFO Facilities like:
and on ongoing basis  Systematic Investment Plan
 Systematic Transfer Plan
 Systematic Withdrawal Plan
 For further details of above special products / facilities, For
Details, kindly refer SAI
XXV. Weblink A weblink wherein TER for last 6 months as well as scheme factsheet
shall be made available.
DUE DILIGENCE BY THE ASSET MANAGEMENT COMPANY
It is confirmed that:
(i) The Scheme Information Document submitted 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 Scheme Information Document are true, fair and adequate to
enable the investors to make a well informed decision regarding investment in the 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.
(v) The contents of the Scheme Information Document including figures, data, yields etc. have
been checked and are factually correct
(vi) A confirmation that the AMC has complied with the compliance checklist applicable for
Scheme Information Documents and other than cited deviations/ that there are no deviations
from the regulations
(vii) 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.
(viii) The Trustees have ensured that the (name of the scheme/Fund) approved by them is a new
product offered by (name of the Mutual Fund) and is not a minor modification of any existing
scheme/fund/product (This clause is not applicable to Fixed Maturity Plans and Close Ended
Schemes except for those close ended schemes which have the option of conversion into open
ended schemes on maturity and also to Interval Schemes.)
Date: Name:
Place: Designation:
Page 8 of 18
Part II. INFORMATION ABOUT THE SCHEME
A. 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. The asset allocation should be consistent with the investment objective
of the scheme and SEBI circulars on Categorization and Rationalization of Mutual Fund Schemes.
Indicative allocations
Instruments (% of total assets)
Maximum Minimum
 Percentage of investment in overseas securities, derivatives for non-hedging purposes,
stock lending, securitized debt, Debt instruments with special features (AT 1 and AT 2
Bonds), Debt Instruments with SO / CE, ReITs and InVITs, Tri-party repos, other mutual
funds, repo/ reverse repo transactions in corporate debt securities, Credit Default Swaps,
covered call option etc). to be indicated.
 In case the Scheme does not intend to invest in these securities, negative confirmation in a
table format should be provided for securities / instruments in which the scheme will not
invest.
 Cumulative gross exposure limits to be adhered in terms of Master Circular dated May 19,
2023
 Any other information/disclosure to be added as per applicable Consolidated checklist of
standard observations.
Indicative Table (Actual instrument/percentages may vary subject to applicable SEBI circulars)
Sl. no Type of Instrument Percentage of exposure Circular references*
1. Securities Lending
2. Equity Derivatives for non-
hedging purposes
3. Securitized Debt
4. Overseas Securities
5. ReITS and InVITS
6. AT1 and AT2 Bonds
7. Any other instrument
*SEBI circular references (wherever applicable) in support of exposure limits of different types of
asset classes in asset allocation shall be provided.
Page 9 of 18
Portfolio rebalancing: AMC to refer to Clause 1.14.1.2, Clause 2.9, Clause 3.5.3.11 and Clause
3.6.7 of SEBI Master Circular for Mutual Funds dated May 19, 2023 and applicable clause of
Consolidated checklist of standard observations for active and passive breach/es.
B. WHERE WILL THE SCHEME INVEST?
This includes only a list of all instruments in which the scheme will invest. (Detailed definition and
applicable regulations/guidelines for each instrument shall be included in Section II)
Investment in overseas securities shall be made in accordance with the requirements stipulated by
SEBI and RBI from time to time.
Any other information/disclosure to be added as per applicable Consolidated checklist of standard
observations.
C. WHAT ARE THE INVESTMENT STRATEGIES?
Information about investment approach and risk control should be included in simple terms. Due
care shall be taken in deciding whether the investment strategy is "Passive"/"Active". Investment
strategy shall match the asset allocation pattern of the scheme. (Example: Fund of Funds with
multiple funds cannot be considered as a scheme with passive investment strategy since fund
manager has scope for active selection and management of funds).
Further, details on generic concepts such as macroeconomic trends may not be provided unless
there are investment strategies derived specifically from these concepts.
Disclosure for derivatives to be provided in summary form. For detailed derivative strategies,
please refer to SAI.
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 Information
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.
D. HOW WILL THE SCHEME BENCHMARK ITS PERFORMANCE?
Benchmark (Total Returns Index): AMFI prescribed benchmark for all schemes except ETFs /
Index Funds and FOFs with single underlying Fund. 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.
E. WHO MANAGES THE SCHEME?
Name, age, educational qualification and experience of the fund manager to the scheme to be
disclosed. The experience of the fund manager should include last 10 years’ experience and also
the name of other schemes under his /her management.
Dedicated fund manager is mandatory for commodity based funds and overseas investments as per
applicable SEBI circulars
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F. HOW IS THE SCHEME DIFFERENT FROM EXISTING SCHEMES OF THE
MUTUAL FUND?
Provide a reference list of existing schemes and a functional website link that contains detailed
comparative table.
G. HOW HAS THE SCHEME PERFORMED (if applicable)
[In case of a new Compounded Scheme Returns % Benchmark Returns
Annualised Returns %
scheme, this is not Returns for the last 1
year
applicable hence give the Returns for the last 3
years
statement-“This scheme Returns for the last 5
years
is a new scheme and Returns since
inception
does not have any
performance track sscchheemmee rreettuurrnnss %%
bbeenncchhmmaarrkk rreettuurrnnss %%
2200
record”]
1155
1100
55
Or
00
--55
[In case of a scheme in existence, --1100
the return figures shall be given for
--1155
that scheme only. For a scheme
--2200
which is in existence for more than
1 year, the returns given will be aa--bb bb--cc cc--dd dd--ee ee--ff
Compounded Annualised Returns LLaasstt 55 ffiinnaanncciiaall yyeeaarrss
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
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.]
H. ADDITIONAL SCHEME RELATED DISCLOSURES
i. Scheme’s portfolio holdings (top 10 holdings by issuer and fund allocation towards various
sectors to be provided through a functional website link that contains detailed description.)
ii. Disclosure of name and exposure to Top 7 issuers, stocks, groups and sectors as a
percentage of NAV of the scheme in case of debt and equity ETFs/index funds through a
functional website link that contains detailed description
iii. Functional website link for Portfolio Disclosure - Fortnightly / Monthly/ Half Yearly.
iv. Portfolio Turnover Rate particularly for equity oriented schemes shall also be disclosed.
v. Aggregate investment in the Scheme by:
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Sr. No. Category of Persons Net Value
1. Concerned scheme’s Fund Manager(s) Units NAV per unit
For any other disclosure w.r.t investments by key personnel and AMC directors including
regulatory provisions in this regard kindly refer SAI.
vi. Investments of AMC in the Scheme – Details to be provided vide functional website link.
The AMC shall not invest in any of the schemes unless full disclosure of its intention to
invest has been made in the Scheme Information Document and that the AMC shall not be
entitled to charge any fees on such investment
Part III- OTHER DETAILS
A. COMPUTATION OF NAV
Disclosure pertaining to illustration on computation of NAV and Methodology for calculation of
sale and re-purchase price of the units of mutual fund scheme.
Disclosure to the effect that the repurchase price shall not be lower than 95% of the NAV. For
other details such as policies w.r.t computation of NAV, rounding off, investment in foreign
securities, procedure in case of delay in disclosure of NAV etc. refer to SAI
B. 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 for meeting these expenses may be disclosed. AMC to ensure that no
NFO expenses will be / were charged to the Scheme.
C. 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 _____ % of the daily 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.
% p.a. of daily
Net Assets*
Expense Head
(Estimated
p.a.)
Investment Management & Advisory Fee
Audit fees/fees and expenses of trustees
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% p.a. of daily
Net Assets*
Expense Head
(Estimated
p.a.)
Custodial Fees
Registrar & Transfer Agent Fees including cost of providing account
statements / IDCW / redemption cheques/ warrants
Marketing & Selling Expenses including Agents Commission and statutory
advertisement
Costs related to investor communications
Costs of fund transfer from location to location
Cost towards investor education & awareness
Brokerage & transaction cost pertaining to distribution of units
Goods & Services Tax on expenses other than investment and advisory fees
Goods & Services Tax on brokerage and transaction cost
Other Expenses (to be specified as per Reg 52 of SEBI MF Regulations)
Maximum Total expenses ratio (TER) permissible under Regulation 52
(6) (c)
Additional expenses under Regulations 52(6A)(c)
Additional expenses for gross new inflows from specified cities
*Impact of TER on returns of both Direct plan and Regular plan through an illustration may be
provided.
In case of Fund of Funds scheme, it shall be disclosed that the investors are bearing the recurring
expenses of the scheme, in addition to the expenses of other schemes in which the Fund of Funds
Scheme makes investments
Any other information/disclosure to be added as per applicable Consolidated checklist of standard
observations.
D. LOAD STRUCTURE
Exit Load is an amount which is paid by the investor to redeem the units from the scheme. 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 %age of NAV)
Exit To be prescribed by respective AMC
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Section II
I. Introduction
A. Definitions/interpretation
Functional website link that contains detailed description
B. Risk factors
- Scheme specific risk factors
Include risk factors associated with investment in various instruments in which the scheme intends
to invest as indicated in asset allocation section.
C. Risk mitigation strategies
II. Information about the scheme:
A. Where will the scheme invest – Detailed description of the instruments (including overview of
debt markets in India, if applicable) mentioned in Section I
B. What are the investment restrictions?
All the investment restrictions as contained in the Seventh Schedule to SEBI (Mutual Funds)
Regulations, 1996 and circulars issued thereunder, applicable to the scheme should be
incorporated. Further in case the fund follows any internal norms vis-à-vis limiting exposure to a
particular scrip or sector, etc. apart from the aforementioned investment restrictions the same
needs to be disclosed.
C. Fundamental Attributes
Following are the Fundamental Attributes of the scheme, in terms of Clause 1.14 of SEBI Master
Circular for Mutual Funds dated May 19, 2023:
(i) Type of a scheme
o Open ended/Close ended/Interval scheme
o Sectoral Fund/Equity Fund/Balance Fund/Income Fund/Index Fund/Any other type of
Fund
(ii) Investment Objective
o Main Objective - Growth/Income/Both.
o 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
o Liquidity provisions such as listing, repurchase, redemption.
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o Aggregate fees and expenses charged to the scheme.
o Any safety net or guarantee provided.
In accordance with Regulation 18(15A) of the SEBI (MF) Regulations and Clause 1.14.1.4 of
SEBI Master Circular for Mutual Funds dated May 19, 2023 the Trustees shall ensure that no
change in the fundamental attributes of the Scheme(s) and the Plan(s) / Option(s) thereunder or
the trust or fee and expenses payable or any other change which would modify the Scheme(s)
and the Plan(s) / Option(s) thereunder and affect the interests of Unitholders is carried out unless:
• SEBI has reviewed and provided its comments on the proposal
• A written communication about the proposed change is sent to each Unitholder and an
advertisement is given in 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 atleast 30 calendar days to exit at the
prevailing Net Asset Value without any exit load.
D. Index methodology (for index funds, ETFs and FOFs having one underlying domestic
ETF)- Disclosures regarding the index, index eligibility criteria, methodology, index service
provider, index constituents, impact cost of the constituents
E. Principles of incentive structure for market makers (for ETFs)
F. Floors and ceiling within a range of 5% of the intended allocation against each sub class of
asset, as per clause 13.6.2 of SEBI master circular for mutual funds dated May 19, 2023 (only
for close ended debt schemes)
G. Other Scheme Specific Disclosures:
Listing and transfer of units
Dematerialization of units
Minimum Target amount
(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.)
Maximum Amount to be raised (if
any)
Dividend Policy (IDCW)
Allotment (Detailed procedure) Mention, the procedure for allotment and dispatch of account
statements/unit certificates. Indicate the time period. Mention
the number of days within which the statement shall be
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dispatched to the unitholders who subscribe to the units when
the scheme is open for continuous subscription after NFO as
per the applicable guidelines.
Refund If application is rejected, full amount will be refunded within 5
working days of closure of NFO. If refunded later than 5
working days @ 15% p.a. for delay period will be paid and
charged to the AMC.
Who can invest
This is an indicative list and investors
shall consult their financial advisor to
ascertain whether the scheme is
suitable to their risk profile.
Who cannot invest
How to Apply (details) Details regarding availability of application form from either
the Investor Service Centers (ISCs)/Official Points of
Acceptance(OPAs) of AMC or may be downloaded from the
website of AMC should be specified
Please refer to the SAI and Application form for the
instructions.
Where can you submit the filled up
Provide name, address and contact no. of Registrar and
applications.
Transfer Agent (R&T), email id of R&T, website address of
R&T, official points of acceptance, collecting banker details
etc. on back cover page.
The policy regarding reissue of
repurchased units, including the
maximum extent, the manner of
reissue, 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.
Cut off timing for subscriptions/
redemptions/ switches
This is the time before which your
application (complete in all respects)
should reach the official points of
acceptance.
Where can the applications for Please refer the AMC website (Provide website link) at the
purchase/redemption switches be following link for the list of official points of acceptance,
submitted? collecting banker details etc.
To inform investors that it is mandatory to mention their bank
account numbers in their applications/requests for redemption.
Minimum amount for
purchase/redemption/switches
(mention the provisions for ETFs, as
may be applicable, for direct
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subscription/redemption with AMC.
Minimum balance to be maintained and
consequences of non-maintenance
Accounts Statements The AMC shall send an allotment confirmation specifying the
units allotted by way of email and/or SMS within 5 working
days of receipt of valid application/transaction to the Unit
holders registered e-mail address and/ or mobile number
(whether units are held in demat mode or in account statement
form).
A Consolidated Account Statement (CAS) detailing all the
transactions across all mutual funds (including transaction
charges paid to the distributor) and holding at the end of the
month shall be sent to the Unit holders in whose folio(s)
transaction(s) have taken place during the month by mail or
email on or before 15th of the succeeding month.
Half-yearly CAS shall be issued at the end of every six months
(i.e. September/ March) on or before 21st day of succeeding
month, to all investors providing the prescribed details across
all schemes of mutual funds and securities held in
dematerialized form across demat accounts, if applicable
For further details, refer SAI.
Dividend/ IDCW The payment of dividend/IDCW to the unitholders shall be
made within seven working days from the record date.
Redemption The redemption or repurchase proceeds shall be dispatched to
the unitholders within three working days from the date of
redemption or repurchase.
For list of exceptional circumstances refer para 14.1.3 of SEBI
Master Circular for Mutual Funds dated May 19, 2023
For schemes investing atleast 80% of total assets in permissible
overseas investments (as per Clause 12.19 of SEBI Master
Circular for Mutual Funds dated May 19, 2023), the transfer of
redemption or repurchase proceeds to the unitholders shall be
made within five working days from the date of redemption or
repurchase.
Bank Mandate
Delay in payment of redemption /
The Asset Management Company shall be liable to pay interest
repurchase proceeds/dividend
to the unitholders at rate as specified vide clause 14.2 of SEBI
Master Circular for Mutual Funds dated May 19, 2023 by
SEBI for the period of such delay
Unclaimed Redemption and Income
Distribution cum Capital Withdrawal
Amount
Disclosure w.r.t investment by minors
Page 17 of 18
Any other disclosure in terms of
Consolidated Checklist on Standard
Observations
III. Other Details
A. In case of Fund of Funds Scheme, Details of Benchmark, Investment Objective,
Investment Strategy, TER, AUM, Year wise performance, Top 10 Holding/ link to Top
10 holding of the underlying fund should be provided
B. Periodic Disclosures such as Half yearly disclosures, half yearly results, annual report
 Specify timelines of these disclosures and details of where they are disclosed. (such
as “Refer to AMC website, SAI, AMFI website for further details etc. Provide a
functional link for each respective field”)
 Any disclosure in terms of Consolidated Checklist on Standard Observations
C. Transparency/NAV Disclosure (Details with reference to information given in Section
I)
D. Transaction charges and stamp duty- Indicate only the amount of transaction charges and
stamp duty applicable. Details to be provided in SAI.
E. Associate Transactions- Please refer to Statement of Additional Information (SAI)
F. Taxation- For details on taxation please refer to the clause on Taxation in the SAI apart
from the following:
Resident Investors Mutual Fund
Tax on dividend
Capital gain
Long Term:
Short Term:
G. Rights of Unitholders- Please refer to SAI for details.
H. List of official points of acceptance: Details to be uploaded and updated on a functional
website link
I. 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
- AMCs to ensure real time upation of data on the said link.
- Any disclosure in terms of Consolidated Checklist on Standard Observations
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