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<h1>Mutual Fund Offer Documents Must Include Disclosures on Sponsor Group Investments; SEBI Can Mandate Changes for Investor Protection.</h1> The offer document for mutual fund schemes must include sufficient disclosures to help investors make informed decisions, including details on maximum investments in listed securities of sponsor's group companies. The Securities and Exchange Board of India (SEBI) can mandate modifications to the document for investor protection. If no changes are suggested within 21 working days of filing, the asset management company can proceed with issuing the document. Application forms for mutual fund units must be accompanied by a specified memorandum. The offer document must also disclose prior in-principle approval from stock exchanges for listing units.