Economics · Economy

Regarding the statutory disclosures and alterations in the fundamental attributes of mutual fund schemes regulated by SEBI, consider the statements below: Statement 1: The Risk-o-meter must be officially updated by the AMC on a monthly basis, reflecting portfolio shifts. Statement 2: A formal alteration in any fundamental attribute of a scheme, such as its primary investment objective, requires prior institutional approval from SEBI. Statement 3: Upon a change in a fundamental attribute, existing unit holders must be provided an exit window of at least 30 days to redeem units at the applicable NAV without any exit load charge. Statement 4: The Key Information Memorandum (KIM) is a legally mandatory summary of the Scheme Information Document (SID) and must accompany every official application form.