9911796707
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 ..... atements. 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 disclose their entire portfolios on half yearly basis. It has been decided to prescribe a common format for this pur ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oned 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 the scheme, may be charged with the approval of the trustees within the overall limits as specified in Regulation 52 (6). However, the following expenses cannot be cha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... edge 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- (i) listed/awaiting listing on Stock Exchanges 1. 2. 3. Total (b) Unlisted 1. 2. 3. Total Debt Instruments- (a) listed/awaiting listing on stock exchanges Rating 1. 2. 3. Total (b) Privately Placed/Unlisted Rating 1. 2. 3. Total Money Market Instruments 1. 2. 3. Total Others - cash etc. (please specify) Grand Total 1. Entire portfolio irrespective of the quantity, market value and percentage to NAV of any scrip should be disclosed in descending order ..... X X X X Extracts X X X X X X X X Extracts X X X X
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