Consolidation of Schemes

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....hemes. For the information of all mutual funds, it is clarified that such consolidations shall be viewed as changes in fundamental attributes of the related schemes and the mutual funds shall comply with the requirements laid down in the SEBI (Mutual Funds) Regulations, 1996, for the purpose. Further, with a view to ensure that all important disclosures are made to the investors of the concerned ....

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....ders, giving them option to exit at prevailing NAV without exit load, shall disclose all relevant information enabling them to take well informed decisions, including information on the following aspects: (i) information on the investment objective, asset allocation and the main features of the new consolidated scheme (ii) basis of allocation of new units by way of a numerical illustration (....