ABN AMRO Sustainable Development Fund

The duration of the scheme is 3 years from the date of allotment. The Trustee reserves the right to convert the Scheme into an open-ended scheme upon its maturity automatically in terms of SEBI regulation, as deemed appropriate in the interest of the Scheme / unitholders.

Presently, the Scheme will have a Regular Plan.

This Plan offers Growth Option and Dividend Option. The Dividend Option offers Dividend Payout and Dividend Re-investment facilities.

The Dividend Option will have monthly frequency. However, it may be noted that the actual declaration of dividend under the Dividend Option will be subject to the availability of distributable surplus as computed in accordance with the SEBI Regulations and discretion of the Trustees/ AMC.

In case no option is indicated in the application form, then the default option will be the growth option & in case no facility is indicated in the application form for Dividend Option, then the default facility will be the Dividend Re-investment.

The investment objective is to generate long-term capital growth from an actively managed portfolio of equity and equity related securities primarily of the Socially Responsible Companies focusing on Sustainable Development. The Scheme will aim to identify investment opportunities in companies across all ranges of market-capitalization, defined as "Socially Responsible Companies".

The Scheme does not guarantee / indicate any returns.

In addition, the AMC and the Trustee reserves the right to introduce multiple plans under the Scheme in line with SEBI regulations.

Being a close-ended Scheme, investors can subscribe to the Units of the Scheme during the New Fund Offer Period only.

To provide liquidity to investors, the Units can be Redeemed (i.e. sold back to the Mutual Fund) or Switched out (i.e. to another scheme of the Mutual Fund) on every last Business Day of the each calendar Quarter (e.g. March 31, 2007, June 30, 2007, September 30, 2007 & December 31, 2007) at the Applicable NAV, subject to applicable load.

After conversion of the scheme into an open-ended scheme upon maturity, the Scheme will offer purchase / switchin and redemption / switch out of units at NAV based prices on every Business Day on an ongoing basis.

The Units of the Scheme will not be listed on any exchange, for the present.

As per the SEBI Regulations, the Mutual Fund shall despatch Redemption proceeds within 10 Business Days of receiving the Redemption / repurchase request. A penal interest of 15% per annum or such other rate as may be prescribed by SEBI from time to time, will be paid in case the Redemption proceeds are not despatched within 10 Business Days of the date of Redemption request.

However, under normal circumstances, the Mutual Fund will endeavour to despatch the Repurchase proceeds within 4 Business Days from the acceptance of the Repurchase request.