SEBI GUIDELINES (2001-02) RELATING TO MUTUAL FUNDS

 A common format is prescribed for all mutual schemes to disclose their entire portfolios on a
half-yearly basis so that the investor can get meaningful information on the deployment of
funds.
 To enable the investor to make informed investment decisions, mutual funds have been
directed to fully revise and updates offer documents and memorandum at least once in two
year.
 Bring uniformity in disclosures of various categories of advertisements, with a view to
ensuring consistency.
 Reduce initial offer period from a maximum of 45 days to 30 days.
 Dispatch statements of account once the minimum subscription amount specified in the
offer document is received even before the closure of the issue.
 Invest in mortgaged backed securities of investment grade.
 Identify and the make provision for the non performing assets.
 Declare information in a revised format on unit capital, reserves, performance in term of
dividend and rise/fall in NAV during the half-year period.
 Declare the NAVs and sale/repurchases prices of all schemes updated daily on regular basis
on the AMFI WEBSITE BY 8.00 p.m
 All the schemes by mutual funds shall be launched within six months.
 Mutual funds are required to disclose large unit holding in the scheme, which are over25
percent of NAV.