TMI BlogDISCLOSURE DOCUMENTX X X X Extracts X X X X X X X X Extracts X X X X ..... lio manager may make any other disclosures, which in its opinion are material for the investor, provided that such information is a statement of fact and is not presented in an incomplete, inaccurate or misleading manner. It should also be ensured that inclusion of such information does not, by virtue of its nature or manner of presentation, hamper understanding of any information that is required to be included under the model disclosure document The model Disclosure Document specifies only the nature of the disclosures that should be contained under various heads in the disclosure document, and is not intended to describe the layout or language to be contained therein. MODEL DISCLOSURE DOCUMENT FOR PORTFOLIO MANAGEMENT The mini ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Document shall be as provided in the Regulations. Any new term if used shall be clearly defined. All terms shall be used uniformly throughout the text of the Disclosure Document. 3) Description (i) History, Present Business and Background of the portfolio manager (ii) Promoters of the portfolio manager, directors and their background (iii)Top 10 Group companies/firms of the portfolio manager on turnover basis (latest audited financial statements may be used for this purpose) (iv)Details of the services being offered: Discretionary/ Non discretionary / Advisory. 4) Penalties, pending litigation or proceedings, findings of inspection or investigations for which action may have been taken or initiated by any regulatory ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... urance or guarantee that the objective of the investments will be achieved.] 3 [(ii) Statement to the effect that past performance of the portfolio manager does not indicate its future performance.] (iii) Risk arising from the investment objective, investment strategy and asset allocation. (iv) Risk arising out of non diversification, if any. 4 [(v) If the portfolio manager has no previous experience/ track record a disclosure to that effect shall be made.] 7) Client Representation (i) Category of clients No. of clients Funds managed (Rs. Cr.) Discretionary/ Non Discretionary(if available) Associates /group companies Last ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... accounting policy followed by the portfolio manager while accounting for the portfolio investments of the clients. 13) Investors services (i) Name, address and telephone number of the investor relation officer who shall attend to the investor queries and complaints. (ii) Grievance redressal and dispute settlement mechanism. Date: 5 [Name and signature of at least two Directors of Portfolio Manger ] Place: FORMAT I (Account Opening Form) Information about the Client 1) General information about the client (a) Name, primary mailing address, secondary (back up) mailing address, identity information such as photograph, Permanent Account Number (PAN), driving license etc. (b) Occupation ______ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r: Statement to the effect that securities investments are subject to market risk and there is no assurance or guarantee that the objectives of the scheme will be achieved. 3 Substituted by the SEBI (Portfolio Managers) (Amendment) Regulations, 2008, w.e.f. 11-08-2008. Prior to substitution, clause (ii) read as under: Statement to the effect that past performance of the portfolio manager does not indicate the future performance of the same scheme in future or any other future schemes of the portfolio manager. 4 Substituted by the SEBI (Portfolio Managers ) (Amendment) Regulations, 2008, w.e.f. 11.08.2008 for the following: If the portfolio manager has no previous experience/ track record, a disclosure to the effect that ..... X X X X Extracts X X X X X X X X Extracts X X X X
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