Mutual Funds

Constitutive Documents

The constitutive documents of a mutual fund include the Trust Deed and the Offering Document.

Trust deed

Trust deed is a principal document for formation, and management of the mutual fund that is executed between the AMC and the trustee. The trust deed specifies the responsibilities of the trustees and the Investment Advisor/ Asset Management Company which need to be strictly adhered to by each concerned party

Offering Document

A standard offering document of a mutual fund is a fairly comprehensive document covering at a minimum the following;

  1. Regulatory Approvals;
  2. Constitution of the Scheme;
  3. Objectives and investment Policy;
  4. Trust Deed;
  5. Category and Benchmark of the Fund;