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SECURITIES AND EXCHANGE BOARD OF INDIA

MUTUAL FUND DEPARTMENT
Mittal Court, B Wing, Gr. Floor,
224, Nariman Point, Mumbai 400 021

IMARP/MF/CIR/06/793/98
31st March, 1998

To,
The Managing Director/President/Chief Executive Officer
All Mutual Funds registered with SEBI
Unit Trust of India/AMFI

Dear Sir,

Enclosed is a copy of the Standard Offer Document and a copy of the memorandum containing key information for any scheme of a mutual fund.

All offer documents of mutual fund schemes filed with SEBI in terms of sub regulation (1) of regulation 28 of the SEBI (Mutual Funds) Regulations, 1996, on or after April 1, 1998, shall be prepared in the aforesaid format.

Application forms for schemes of mutual funds for which the offer documents are filed with SEBI on or after April 1, 1998, shall be accompanied by the aforementioned memorandum in terms of sub regulation (4) of regulation 29 of the amended 1996 Regulations.

The memorandum shall be printed at least in 7 point font size with proper spacing for easy readability.

With effect from April 1, 1998, any draft offer document of schemes of mutual funds filed with SEBI, shall also be available on SEBI’s Internet site – http:\www.sebi.gov for 21 working days from the date of filing. This facility is being provided to enable the public to comment on the adequacy of disclosures in these documents. You are therefore advised to submit a soft copy of the above documents to SEBI, for this purpose.

Offer document of any scheme already filed with SEBI and for which SEBI has not yet communicated its observations shall, as far as possible, be recast in the format of the Standard Offer Document after receiving observations from SEBI.

This circular is issued under Regulation 77 of the SEBI (Mutual Funds) Regulations, 1996.

Yours faithfully,
P.K. NAGPAL
DIVISION CHIEF

c.c.: AMFI – For information

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