A mutual fund will need to provide an abridged offer letter, which contains very valuable information, to prospective investors. The offer document also includes the subscription form. SEBI has set minimum disclosures in the offer documents. Before investing in any scheme, investors should read carefully the offer document. It is important to carefully review the sections pertaining to the scheme's main features, risk factors, initial issues expenses and recurring charges to the scheme, entry and exit loads, sponsor’s track record, education qualification, work experience of key personnel, including fund managers, performance in other schemes launched by mutual funds in the past, pending litigations, penalties imposed, and so forth.