Issue
of Units of face value of Rs. 10/- each for cash at
par. ISSUE
OPENS ON ____________ ISSUE
CLOSES ON
___________
Investment
Manager: First
India Asset Management (P) Ltd.
In
equity participation with MetLife
& Investec
This Offer Document sets forth
concisely the information about the Scheme(s) that a prospective investor
ought to know before investing.
This Offer Document should be retained for future
reference. The
particulars of the Scheme(s) have been prepared in accordance with the
Securities and Exchange Board of India (Mutual Funds) Regulations, 1996,
as amended till date, and filed with Securities and Exchange Board of
India. The Units being
offered for public subscription have not been approved or disapproved by
the Securities and Exchange Board of India nor has the Securities and
Exchange Board of India certified the accuracy and adequacy of this Offer
Document. This
Offer Document shall remain effective till a ‘material change’ occurs and
thereafter, the changes shall be filed with SEBI and circulated to the
unit holders alongwith every Quarterly / Half-yearly
reports. This
Offer Document is dated ________________.
|
FIRST
INDIA MUTUAL FUND |
|
Unit
A, B & D, 8th Floor “Riaz Garden” No.12
& 13, Kodambakkam High Road Chennai
600 034. |
|
|
|
SPONSOR |
|
Dr.
A.C. MUTHIAH “Adyar
Villa” Kotturpuram
Chennai
600 085 |
|
|
|
INVESTMENT
MANAGER |
|
FIRST
INDIA ASSET MANAGEMENT PRIVATE LIMITED Unit
A, B & D, 8th Floor “Riaz Garden” No.12
& 13, Kodambakkam High Road Chennai
600 034 |
|
|
|
FOREIGN
SHAREHOLDERS |
|
METLIFE
Inc., USA – one
of the largest life insurance company in the
world INVESTEC
ASSET MANAGEMENT LTD, UK – a
Global Investment Manager |
|
|
REGISTRAR AND
TRANSFER AGENT |
|
COMPUTER
AGE MANAGEMENT SERVICES (P) LIMITED A
& B Lakshmi Bhawan, No. 609, Anna Salai Chennai
600 006. |
|
|
|
CUSTODIAN |
|
HDFC
Bank Ltd., Kamala
Mills Compound Senapati
Bapat Marg, Lower Parel Mumbai
400 013 |
|
|
|
STATUTORY
AUDITOR |
|
DELOITTE
HASKINS & SELLS 169,
North Usman Road, T. Nagar Chennai
600 017 |
|
|
|
LEGAL
ADVISOR |
|
RANGARAJAN
& PRABHAKHARAN New
No. 315 (Old No. 152) Thambu
Chetty Street Chennai
600 001. |
I N D E X |
Page
No. | |
|
I |
DEFINITIONS |
5 |
|
II |
HIGHLIGHTS |
10 |
|
III |
RISK
FACTORS |
11 |
|
IV |
DUE
DILIGENCE CERTIFICATE |
16 |
|
V |
SUMMARY
OF SCHEMES |
17 |
|
|
1)
First
India Income Fund |
17 |
|
|
2)
First
India Liquid Fund |
19 |
|
|
3)
First
India Gilt Fund |
21 |
|
VI |
CONSTITUTION OF
MUTUAL FUND |
23 |
|
|
1)
Constitution |
23 |
|
|
2)
Sponsor |
24 |
|
|
3)
Trustees |
24 |
|
|
(i)
Summary
of Substantive Provisions |
25 |
|
|
(ii)
Duties
& Responsibilities |
26 |
|
|
(iii) Fees
& Expenses |
30 |
|
|
4)
The Asset Management Company |
30 |
|
|
(i)
Fees
|
31 |
|
|
(ii)
Board
of Directors |
31 |
|
|
(iii) Duties
& Responsibilities |
33 |
|
|
(iv)
Key
Employees |
37 |
|
|
(v)
Fund
Management & Investment Process |
38 |
|
|
5)
Custodian |
40 |
|
|
6)
Registrar
& Transfer Agent |
41 |
|
|
7)
Statutory
Auditor |
41 |
|
|
8)
Banker |
41 |
|
VII |
INVESTMENT
OBJECTIVES & POLICIES |
42 |
|
|
1) Fundamental Attributes of the
Scheme |
42 |
|
|
(i)
First India Income
Fund |
42 |
|
|
(ii)
First India Liquid
Fund |
48 |
|
|
(iii) First India Gilt
Fund |
58 |
|
|
2) Investment
Policies |
59 |
|
|
3) Investment
Restrictions |
62 |
|
|
4) Computation of Net Asset
Value |
64 |
|
|
5) Accounting Policies &
Standards |
69 |
|
VIII |
UNITS
& THE INITIAL OFFER |
72 |
|
|
1) General
Information |
72 |
|
|
(i)
Initial
offer |
72 |
|
|
(ii)
Initial
offer period |
72 |
|
|
(iii) Initial
offer price |
72 |
|
|
(iv)
Extension
or Duration of the initial offer period |
72 |
|
|
(v)
Minimum
amount for investment |
72 |
|
|
(vi)
Minimum
subscription amount |
72 |
|
|
(vii)
Allotment
and Refund |
72 |
|
|
2) Investment plans under the
scheme |
73 |
|
|
(i)
Dividend
Plan |
73 |
|
|
(ii)
Growth
Plan |
73 |
|
|
3) Options |
73 |
|
|
(i)
Dividend
reinvestment facility |
73 |
|
|
(ii)
Switching
options |
74 |
|
|
(iii) Systematic
investment plan |
74 |
|
|
(iv)
Systematic
investment plan for corporate employees |
75 |
|
|
(v)
Systematic
withdrawal plan |
75 |
|
|
(vi)
Systematic
transfer plan |
75 |
|
|
4) Eligibility for
application |
76 |
|
|
5) Procedure for
application |