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    <title>Investment in ADRs/GDRs/foreign securities by Mutual Funds</title>
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    <description>Where a scheme&#039;s offer document did not disclose investment in ADRs/GDRs/foreign securities, the asset management company must, prior to the first such investment, send a written communication to each unitholder and advertise in one English national daily plus a regional-language newspaper; the communication must disclose the risk factors of those investments. Schemes that have already disclosed such investment permission in the offer document are exempt, and all other conditions in earlier circulars remain unchanged.</description>
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