December 1, 2022

SEBI notifies guidelines on delayed MF dividend, redemption

SEBI notifies rules on delayed MF dividend redemption

SEBI notifies rules on delayed MF dividend redemption

SEBI has notified new guidelines to make mutual funds (MFs) pay separate curiosity on delayed dividends and redemption proceeds to the unit-holders.

The outer restrict for MFs to pay redemption proceeds and dividend is 10-15 days, which was 30 days earlier. The curiosity on delayed dividend and redemption fee is 15 per cent each year.

As per the notification issued on Thursday, each MF and asset administration firm (AMC) could be required to switch the dividend funds and the redemption or…

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