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TMI BlogMutual Fund Advisory Committee - meeting held on October 20, 2000X X X X Extracts X X X X X X X X Extracts X X X X ..... nitial offer period and time taken for allotment of units and despatch of accounts statements. It has been decided that the present limit of a maximum of 45 days for initial offer period should be reduced to 30 days in case of open ended schemes and the mutual fund should despatch statements of accounts and the scheme should open for ongoing sales and repurchases within 30 days from the closure of scheme. The AMC may also start despatching the statements of accounts once the minimum subscription amount specified in the offer document is received even before the closure of the issue. 2. Format for half yearly disclosure of portfolio. In accordance with Regulation 59A, all mutual fund schemes are required to disclos ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Annual Report containing accounts of the asset management companies should be displayed on the websites of the mutual funds. It should also be mentioned in the annual report of mutual fund schemes that the unitholders, if they so desire, may request for the annual report of the asset management company. 5. Expenses chargeable by the AMC At present mutual funds may charge certain expenses to the scheme as specified in Regulation 52(4). Apart from these expenses, any other expense as may be approved by SEBI under clause (xiii) of Sub Regulation 52(4) can also be charged to mutual fund schemes. With a view to give flexibility to mutual funds, it has been decided that such other expenses, which are directly attributable to th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ld also be clearly mentioned in the reports how the parameters have been complied with. However, in case any security does not fall under the parameters, the prior approval of Boards of AMCs and trustees shall be required. Please acknowledge receipt. Yours faithfully, P.K. NAGPAL Encl. : as above Name of the Mutual Fund : Name of the scheme : Half-yearly Portfolio Statement for the period ended :- Name of the Instrument Quantity Mkt value (Rs. in lakhs) % to NAV Equity Equity related- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... percentage to NAV of any scrip should be disclosed in descending order of weightage within each sub-group. If percentage to NAV of any security is less than 0.01%, it may be indicated by giving asterisk or any other mark instead of showing 0.00. 2. An asterisk / suitable mark should be given against debt instruments which are NPAs in accordance with SEBI Regulations and guidelines. 3. A double asterisk mark should be given against thinly traded / non traded securities and illiquid securities as defined in SEBI Regulations and guidelines. 4. The following information may be given by way of footnotes : a. Total NPAs provided for and its percentage to NAV. b. Total value and percentage of illiquid ..... X X X X Extracts X X X X X X X X Extracts X X X X
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