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Launch of Additional Plans under existing schemes

..... Dear Sirs, Re : Some of the mutual funds have launched additional plans of different maturity periods as a part of the existing schemes. This matter was discussed in the last meeting of the advisory committee on mutual funds. The committee recommended that the additional plans being launched under the existing schemes (e.g. gilt schemes, liquid/money market schemes/debt schemes or any other type o .....

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..... Funds) Regulations, 1996. 2. The proposal for launch of such additional plans shall be approved by the boards of AMCs and the trustees. The addendum/offer document detailing the features of the plan shall be submitted to SEBI at least 21 days prior to the opening of the first plan (if there are more than one plans). The addendum and application forms of such plans shall be made available by the mu .....

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..... d risk factors of such plans, entry/exit loads applicable shall be clearly mentioned in the offer documents. 5. The investment restrictions as specified in SEBI Regulations shall apply separately to each of the plans. All periodic disclosure including portfolio statement to be mailed to the unitholders as per the existing regulations shall be applicable to each of the plans. At the end of each pla .....

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