Portfolio Disclosures

CHIEF GENERAL MANAGER
MUTUAL FUNDS DEPARTMENT

To
All Mutual Funds Registered with SEBI
Unit Trust of India
Association of Mutual Funds in India

Dear Sirs,

Portfolio Disclosures

As you are aware, all mutual funds are required to disclose full portfolios of their schemes on half-yearly basis as per the provisions of Regulation 59A of SEBI (Mutual Funds) Regulations, 1996 in the format prescribed vide SEBI circular MFD/CIR/ 9 /120 /2000 dated November 24, 2000.

It is now decided, in consultation with AMFI, that the following disclosures shall also be made by the mutual funds while making half-yearly portfolio disclosures.

1. Equity-oriented Schemes

1.  
   1. Portfolio Turnover ratio shall be disclosed as a footnote.
   2. The name of the industry against the name of each security in accordance with industry classification as recommended by AMFI. The same industry classification may also be followed by the mutual funds while making disclosures of portfolios to investors, distributors and others, which are non-statutory in nature.

1. Debt-oriented Schemes

The average maturity period shall be disclosed as a footnote.

These guidelines are being issued in accordance with the provisions of Regulation 77 of SEBI (Mutual Funds) Regulations, 1996.

Yours faithfully,

P.K.NAGPAL