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<h1>Annual report distribution requirement: mutual funds must provide scheme-wise reports or abridged summaries to unitholders promptly.</h1> Regulation 56 requires mutual funds to provide scheme-wise full Annual Reports or abridged summaries to all unitholders within four months of the account year end, in the Board-specified manner; such reports must contain Eleventh Schedule disclosures and other material information. The abridged summary must follow the Board-prescribed format, note availability of the full report for inspection and for supply on payment of a nominal fee, and the asset management company must supply a physical copy free on request and display links to full reports on its website.