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<h1>Regulation 49AD mandates detailed disclosures in offer documents for Specialized Investment Funds, highlighting high-risk nature. Effective April 2025.</h1> Regulation 49AD of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 mandates that offer documents for Specialized Investment Funds must include sufficient disclosures to enable investors to make informed decisions, emphasizing the high-risk nature of the product. Additionally, portfolio disclosures for these funds must be made as specified by the Board. These provisions were inserted through a notification effective from April 1, 2025.