How often should the Key Information Memorandum (KIM) be updated?
A
At least once a month
B
At least once every six months
C
At least once a year
D
It need not be updated after it is issued
Correct Option:
B
Explanation
The Key Information Memorandum (KIM) must be updated at least once every six months to ensure that investors receive current and accurate information about the mutual fund scheme.
