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Copy of offer document and key information memorandum along with application form may be obtained from the office of Standard Chartered Mutual Fund, 90, M G Road, Mumbai 400 001. Contact 1-800-226622 for details.
Risk Factors: Mutual Funds and securities investments are subject to market risks, reinvestment risk, changes in political, economic environment and government policy and there is no assurance or guarantee that the objectives of the Scheme will be achieved. The NAV of the Scheme can go up or down depending on factors and forces affecting the Securities Market. Past performance of the Sponsor/AMC/Mutual Fund is not necessarily indicative of the future performance of the Scheme.Standard Chartered Premier Equity Fund (SCPEF) is the name of the Scheme and do not in any manner indicate either the quality of the Scheme, their future prospects or returns. The Sponsor or any of its associates is not responsible or liable for any loss resulting from the operation of the Scheme beyond the corpus of the Trust of Rs. 20,000/- Investors in the scheme are not being offered any guaranteed or assured rate of return. Scheme specific risk: The scheme proposes to invest in equity and equity related instruments which by nature are volatile and prone to price fluctuations on a daily basis due to both macro and micro factors. Trading volumes, settlement periods and transfer procedures may restrict the liquidity of these investments. Investment Objective: The Scheme shall seek to generate long-term capital growth from an actively managed portfolio of predominantly equity and equity related instruments. The Scheme portfolio would acquire, inter alia, small and medium size businesses with good long term potential, which are available at cheap valuations. Such securities would be identified through disciplined fundamental research keeping in view medium to long-term trends in the business environment. The Scheme shall endeavor to accumulate long-term investor wealth by opening subscriptions to units during periods when stocks are available at reasonable valuations. By doing so, the Fund managers would endeavor to prevent short-term money from flowing into the fund which can prove detrimental to the interests of long-term investors. As the scheme would be sold to investors with a long-term investment horizon, it is also expected that the portfolio would remain relatively more insulated to day to day redemption pressures. The fund will close subscription, once it has collected a predetermined “manageable” corpus (approximate amount), which will be decided by the fund manager of the scheme depending on the available investment opportunities in the stock market / if the fund manager is of the opinion that investment opportunities have diminished. Thus the fund manager will endeavour to ensure that there are sufficient assets available to meet the long term objectives of the fund document Terms of Issue, Redemption & Load Structure: SCPEF is open ended Equity Scheme. The Units are available at Applicable NAV, subject to applicable load, on all business days during the continuous offer. Entry Load: During the Ongoing Offer Period load will be charged as follows: For purchases of any amount - 2.25%, by an FOF (irrespective of the amount of Purchase)-Nil, by way of Dividend Re-investment-Nil, through SIP/STP -2.25%.A switch-in (including switch in from other equity schemes of SCMF) may also attract an Entry Load like any Purchase. Exit Load: For Redemption Within 1 year from the date of allotment or subscription applying First in First out basis for investments (including through SIPs/ STPs/ SWP/STAR) 1%. There will be no Exit load for investment made by FOF scheme irrespective of amount of redemption / switch out.No Entry / Exit Loads / CDSC will be chargeable in case of switches made between different options of the Scheme. If the SIP/STP is discontinued prior to minimum six months after commencement of SIP/STP, an exit load of 2% will be charged on such investments irrespective of the date of redemption. The trustee retains the right to change/ impose Entry/Exit Load/CDSC. No Entry / Exit Loads / CDSC will be chargeable in case of switches made between different options of the Scheme. If the SIP/STP is discontinuedprior to minimum six months after commencement of SIP/STP, an exit load of 2% will be charged on such investments irrespective of the date of redemption.. The trustee retains the right to change/ impose Entry/Exit Load/CDSC. A switch-in (including switch in from other equity schemes(s) of SCMF) may also attract an Entry Load like any Purchase. On January 26, 2007, Standard Chartered Bank (SCB) entered into an agreement with Swiss Finance Corporation (Mauritius) Limited (UBS Mauritius) and UBS (India) Private Limited (UBS India) (jointly referred to as UBS) to sell the equity and preference shares held by SCB in Standard Chartered Asset Management Company Private Limited (SCAMC) and equity shares held by SCB in Standard Chartered Trustee Company Private Limited (SCTC), subject to applicable regulatory approvals.
The terms of the transaction are governed by the Sale Purchase Agreement signed between the parties. Transfer of shareholding, when effected (on receipt of necessary approvals), will result in a change in controlling interest of the AMC and would thus result in UBS being recognized as the sponsor of the Mutual Fund. Change in sponsor of the fund will be carried out in accordance with the SEBI (Mutual Funds) Regulations 1996. Standard Chartered Bank will continue to be the Sponsor of Standard Chartered Mutual Fund until the completion of the sale of shares held by SCB in SCAMC to UBS. Statutory Details: Standard Chartered Mutual Fund has been set up as a trust by Standard Chartered Bank (liability restricted to corpus of Trust of Rs. 20,000) with Standard Chartered Trustee Company Private Limited (Company with limited liability) as the trustee and Standard Chartered Asset Management Company Private Limited (Company with limited liability) as the investment manager.
For other scheme specific risk factors and other details please read the Offer Document carefully before investing.
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