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    <title>Key Information Memorandum</title>
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    <description>SEBI mandates a standardised Key Information Memorandum template for all mutual fund schemes, requiring adoption by mutual funds no later than September 30, 2004 and annual updates by April 30 each financial year. The KIM must disclose core scheme particulars (investment objective, asset allocation, risk profile, NAV treatment, loads, expenses, tax treatment, performance presentation, contact details), direct investors to the Offer Document for full details, and state that SEBI has not approved the accuracy of the KIM; the measure is issued under Regulation 77 of the SEBI (Mutual Funds) Regulations, 1996.</description>
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