Mutual fund specification confirms Indbank Offshore Mutual Fund's notified tax-exempt status under income tax law regime. The Central Government, exercising the power conferred by clause (23D) of section 10 of the Income tax Act, specifies Indbank Offshore Mutual Fund as a mutual fund; the Fund is set up under a trust deed dated June 27, 1993, by Indian Bank and is included within the statutory tax framework by official notification.