Revised New Scheme Report format requires mutual funds to disclose subscription, holding, dispersion and distributor commission details. SEBI mandates a revised New Scheme Report format for mutual funds reflecting waiver of load for direct applicants and removal of initial issue expense. The format requires detailed disclosures: scheme identification, subscription and allotment data distinguishing direct and broker channels, NFO expenses and entry load, unit holding pattern by investor category, communication to unitholders on large holdings, distribution schedule for concentrated holdings, state-wise geographical dispersion, top ten agents/distributors by commission and mobilization, and compliance officer certification. The circular is issued under Section 11(1) of the SEBI Act read with Regulation 77.
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Revised New Scheme Report format requires mutual funds to disclose subscription, holding, dispersion and distributor commission details.
SEBI mandates a revised New Scheme Report format for mutual funds reflecting waiver of load for direct applicants and removal of initial issue expense. The format requires detailed disclosures: scheme identification, subscription and allotment data distinguishing direct and broker channels, NFO expenses and entry load, unit holding pattern by investor category, communication to unitholders on large holdings, distribution schedule for concentrated holdings, state-wise geographical dispersion, top ten agents/distributors by commission and mobilization, and compliance officer certification. The circular is issued under Section 11(1) of the SEBI Act read with Regulation 77.
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