Second Schedule
[See rule 15(4)]

Contents of the Trust Document

The following subjects shall have to be mentioned in the Trust Document, namely-

1. a) The Trustee will not take part in the process of any decision concerning investment.
     b) The Trustee must inform the Commission about his remaining as Director, partner or in any other position of any           other Company, Organization, intermediate financial Body or any Statutory Body.

2.  The Trustee will keep all Capital wealth of the Schemes of the Mutual Fund under his supervision and will keep those under ‘Trust' Management on behalf of the Unit owners.

3.  The Unit Owners will have beneficial interest in the Trust Properties only as per their personal ownership in the concerned Scheme.

4. The responsibilities of the Trustees will be to work for the interest of the Unit Owners.

5.  The Trustee will ensure flow of information and system of flow of information for the Unit Owners.

6.  The Entrepreneur himself, will not appoint the Asset Management Company , the Trustee will appoint him.

7.  The Trustee will take the responsibilities of supervising whether any receipt given in favour of the Scheme, and any income received on behalf of the Unit Owners as Trust, are being done as per contract and rules.

8.  No property under hypothecation of anybody will be accepted in the Trust properties or no such property will be accepted by which endless obligation is underwritten .

9.  It will be mentioned in the Trust Document that, the auditor of the Mutual Fund will be different from the auditor of the Asset Management Company and The Trustee.

10.  Trust fee of the Trustee.

11.  No amendment in the Trust agreement can be done without prior approval of the Commission.

12.  Prior approval of the Commission will be required for removal of Trustee.