PRIVATE PLACEMENT :

The units of an infrastructure debt fund scheme may be offered through private placement to less than fifty persons, subject to approval by the trustees and the board of the asset management company. The offer made, shall be subject to the following:

(a) A placement memorandum, in the manner as specified by SEBI, shall be filed by the mutual fund with
SEBI at least seven days prior to the launch of the scheme; and

(b) the mutual fund shall pay to SEBI, filing fee as specified in the Second Schedule.