Securities and Exchange Board of India

25.02.2016

Capital Market

Circular on Mutual Funds

MANU/SMFD/0002/2016

The Securities and Exchange Board of India released a circular on the treatment of unclaimed redemption and divided amounts. Some of the changes include grant of permission for the deployment of unclaimed redemption and dividend amounts in a separate plan of liquid scheme or money market mutual fund schemes floated specifically for the same amounts.

Tags : Mutual funds unclaimed redemption dividend amounts

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