Which of the following statements is true with respect to the Scheme Information Document (SID) and Statement of Additional Information (SAI)?
A
These two documents are prepared in the format prescribed by the Association of Mutual Funds in India as part of AMFI's Code of Conduct.
B
These two documents are prepared in the format prescribed by the Association of Mutual Funds in India as part of AMFI's Best Practices Circular.
C
These two documents are prepared in the format prescribed by the Securities and Exchange Board of India.
D
Each Asset Management Company is free to prepare these documents in any format it desires.
Correct Option:
C
Explanation
The Scheme Information Document (SID) and Statement of Additional Information (SAI) are prepared in the format prescribed by the Securities and Exchange Board of India (SEBI) under the SEBI (Mutual Funds) Regulations to ensure uniformity, transparency, and adequate investor disclosure.
