MF's final offer paper 2 days before launch

With an aim to help investors and create a central data base, Sebi on Tuesday asked mutual funds to submit their final offer documents two days before the launch of a particular scheme as these would be uploaded on the market regulator’s website.

The asset management companies will have to submit “a soft copy of Scheme Information Document (SID) alongwith printed/ final copy two working days prior to the launch of the scheme,” Sebi said in a circular.

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