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CONTENTS OF TRUST DEED

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(i) Minimum number of trustees must be mentioned in the trust deed

(ii) The trust deed shall provide that it would be the duty of the trustees:

▪To act in the interest of the unit holders. ▪To provide or cause to provide information to unit holders and board
▪To take reasonable care to ensure that the funds under the schemes floated by and managed by the AMC are in accordance with Trust deed and Regulations.

(iii) The trust deed shall provide that the auditor for the mutual fund shall be different from the Auditor of AMC;

(iv) Broad Policies regarding allocation of payments to capital or income must be indicated in the trust deed.

(v) The trust deed shall forbid the MF to make or guarantee loans or take up any activity not in contravention of Regulations

(vi) Trusteeship fees, if any payable to trustees shall be provided in the Trust deed.

(vii) The trust deed shall provide that no amendment in the trust deed shall be carried out without the prior approval of Board and Unit Holders is obtained;

(viii) The removal of trustee in all cases would require the prior approval of the board;

(ix) The trust deed shall specify the quorum for a meeting of the trustees;

(x) The trust deed shall state that the minimum number of trustee shall be four.

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